Public Charity

FLORENCE LAKE CHARITABLE TRUST 20000701

Based in GRAND FORKS, ND, FLORENCE LAKE CHARITABLE TRUST 20000701 operates as a Public Charity. The organization reported $156K in revenue, $133K in expenses, $3.0M in total assets for fiscal year 2024. Imperigo tracks 6 reported grants from this foundation totaling approximately $192K.

EIN: 456081104 GRAND FORKS, ND Latest filing: 2024
Total Revenue$156K
Total Expenses$133K
Total Assets$3.0M
Grants Given6
Grant Total$192K
Filing Years2020–2024

Mission

There is no formal Mission Statement. The Last Will and Testament of Florence Lake created this charitable trust. The Will specifically lists the three organizations that are to receive annually one third of the trust income. The Will further states that the Central Institute for the Deaf and the Community College are to use the funds to establish scholarship fund to help students, The Will states that the amounts paid each year must be distributed annually for scholarships. The Devils Lake Foundation is to use the annual payment for qualified charitable purposes and such funds are to be distributed annually. The Trust holds annual meetings. The meetings are attended by members of the supported organizations. These organizations submit an annual report regarding the use of the funds

Where $100 goes at Florence Lake Charitable Trust 20000701

How Florence Lake Charitable Trust 20000701 divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$82 Programs the work itself
$18 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $82 for programs

$28
Support for the Devils Lake Area Foundation
34% of program spending
$27
Support to the Central Institute for the Deaf
33% of program spending
$27
Support for the Lake Region Community College Foundation of Devils Lake
33% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

Devils Lake, ND · 2024
SUPPORT
$34,541
LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE
Devils Lake, ND · 2024
SUPPORT
$34,531
St Louis, MO · 2024
SUPPORT
$34,531
St Louis, MO · 2020
Scholarships
$29,314
Community College Foundation
Devils Lake, ND · 2020
Scholarships
$29,305

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

Co-Trustee Alerus Financial
Co-Trustee Maren Halbach
Co-Trustee Perter Halbach

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$132,908 4 grants
Education
$58,619 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $156K $133K $3.0M
2023 $68K $122K $3.0M
2022 $164K $126K $3.1M
2020 $191K $113K $2.8M

Between 2020 and 2024, reported annual revenue declined from $191K to $156K (-18%), with total assets most recently reported at $3.0M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MO, ND.

MOND

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for FLORENCE LAKE CHARITABLE TRUST 20000701

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