Nonprofit · EIN 45-6081104
FLORENCE LAKE CHARITABLE TRUST
Tax-exempt · GRAND FORKS, ND 58201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $155,680 | $133,326 | $22,354 | $3,030,420 | $0 | $3,030,420 |
| December 31, 2023 | 990 | $67,619 | $122,154 | -$54,535 | $3,042,075 | $0 | $3,042,075 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $155,680
- Net gain from sales of assets
- $45,244
- Tax-exempt bond proceeds
- $1,003
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $103,602
- Compensation of officers, directors and key employees
- $24,657
- Salaries, compensation and benefits (total)
- $24,657
- Professional fundraising fees
- $0
- Legal fees
- $3,500
- Accounting fees
- $1,000
- Program services (functional)
- $121,828
- Management and general (functional)
- $11,498
Balance sheet and other
- Total assets, start of year
- $3,042,075
- Total assets, end of year
- $3,030,420
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,030,420
- Publicly traded securities
- $2,995,103
- Gross receipts
- $801,055
- Employees
- 0
- Year formed
- 1993
- State of legal domicile
- ND
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alerus Financial | Co-Trustee Institutional trustee | 1 | $18,226 |
| Perter Halbach | Co-Trustee Trustee or director | 1 | $0 |
| Maren Halbach | Co-Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Perter Halbach | Co-Trustee Trustee or director | – | $0 |
| Maren Halbach | Co-Trustee Trustee or director | – | $0 |
| Alerus Financial | Co-Trustee Institutional trustee | – | $0 |
Address and contacts
- Address (IRS master file)
- 2300 S COLUMBIA RD, GRAND FORKS, ND 58201-5826
- In care of
- % ALERUS FINANCIAL
- Principal officer (990 for 2024)
- Claire Herland, 401 DeMers Avenue, Grand Forks, ND 58201
- Signed the 990
- ALERUS FINANCIAL, TRUSTEE
- Phone
- (701) 795-3212
- Return prepared by
- ERNST & YOUNG LLP
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
Program accomplishments
- Support to the Central Institute for the Deaf.Expenses $40,606 · grants $34,531
- Support for the Devils Lake Area FoundationExpenses $40,617 · grants $34,541
- Support for the Lake Region Community College Foundation of Devils LakeExpenses $40,605 · grants $34,531
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-6081104
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,030,420
- Income (IRS master file)
- $801,055
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $155,680 | $133,326 | $3,030,420 | XML |
| 990 | December 2023 | $67,619 | $122,154 | $3,042,075 | XML |
| 990 | December 2022 | $164,375 | $126,427 | $3,096,610 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-6081104).
Questions about FLORENCE LAKE CHARITABLE TRUST
- What is the EIN of FLORENCE LAKE CHARITABLE TRUST?
- The employer identification number (EIN) of FLORENCE LAKE CHARITABLE TRUST is 45-6081104.
- Is FLORENCE LAKE CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to FLORENCE LAKE CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FLORENCE LAKE CHARITABLE TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FLORENCE LAKE CHARITABLE TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FLORENCE LAKE CHARITABLE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FLORENCE LAKE CHARITABLE TRUST?
- The 990 for the year ended December 31, 2024 names Claire Herland.
- Who are the officers and directors of FLORENCE LAKE CHARITABLE TRUST?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $18,226 (Alerus Financial, Co-Trustee).
- How much revenue does FLORENCE LAKE CHARITABLE TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $155,680, expenses of $133,326 and total assets of $3,030,420 at year end.
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