John G Arnerberg Trust 1020038400

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 456010216 ✦ Grand forks, ND ✦ Designated as a 501(c)(3)

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Overview

What is John G Arnerberg Trust 1020038400?

The John G Arnerberg Trust 1020038400 is a nonprofit entity, situated in Grand Forks, North Dakota, specifically at 2300 South Columbia Road. Its primary objective is to stimulate and enhance education in foreign languages, with a particular preference for German, Scandinavian, and French languages, at the University of North Dakota. This mission is accomplished through providing scholarships and grants, which are managed by a dedicated committee from the University. The trust's purpose is to foster a rich and diverse linguistic environment, contributing to the educational growth of students in these specific language fields.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 38%, Zero-Star out of Four Star Rating.

The John G. Arnerberg Trust has received a low rating of 38% from Charity Navigator, reflecting significant concerns regarding its accountability and financial transparency. With a Zero-Star rating, the organization lacks independent board members and has not established key governance practices, such as a conflict of interest policy or a whistleblower policy, which are critical for ensuring ethical operations.

While the charity does show a favorable liabilities to assets ratio of 0.00% and maintains a program expense ratio of 60.41%, the absence of board meeting minutes and other essential documentation raises red flags about its management practices. The lack of transparency is further underscored by missing documentation on its website, which is a fundamental requirement for nonprofit organizations to ensure public trust and accountability.

Overall, the John G. Arnerberg Trust exhibits weaknesses in governance and transparency that could potentially undermine donor confidence and the effective operation of its programs. Stakeholders, including potential donors and beneficiaries, are encouraged to exercise caution and seek further information before engaging with the organization.


This AI summary has been generated from information found on Charity Navigator.

Is John G Arnerberg Trust 1020038400 legitimate?

John G Arnerberg Trust 1020038400 is a legitimate nonprofit organization registered as a 501(c)(3) entity. John G Arnerberg Trust 1020038400 submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $18,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of John G Arnerberg Trust 1020038400?

The John G Arnerberg Trust 1020038400 is established with the mission to stimulate and enhance education in foreign languages, specifically focusing on German, Scandinavian, and French languages, at the University of North Dakota. This mission is carried out by providing scholarships and grants to students studying these languages. The distribution of these scholarships and awards is overseen by a committee from the University of North Dakota.

Who is the CEO of John G Arnerberg Trust 1020038400?

Alerus Financial is the Trustee of John G Arnerberg Trust 1020038400.

What is the revenue of John G Arnerberg Trust 1020038400?

John G Arnerberg Trust 1020038400's revenue in 2022 was $40,996.

Who are the executives of John G Arnerberg Trust 1020038400 and what are their salaries?


There is 1 key member and their salary:


Alerus Financial (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for John G Arnerberg Trust 1020038400?

John G Arnerberg Trust 1020038400's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of John G Arnerberg Trust 1020038400

The John G Arnerberg Trust 1020038400 is committed to promoting and enhancing education in foreign languages, with a particular focus on German, Scandinavian, and French languages, at the University of North Dakota. This nonprofit organization's mission involves providing scholarships and grants to students studying these languages, aiming to foster improvement and growth in this area of education. The scholarship and award distribution is overseen by a committee from the University of North Dakota.

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Impact




August, 2024

The John G Arnerberg Trust 1020038400's impact lies in its dedicated support for education in foreign languages, particularly German, Scandinavian, and French, at the University of North Dakota. Through scholarships and grants provided to language students, the trust enables individuals to pursue their studies in these languages, thereby enhancing language education and cultural understanding at the university. This targeted support plays a crucial role in fostering language proficiency and promoting international exchange, ultimately enriching the educational experience for students interested in these specific language studies.




This information is meant to be a general summary of John G Arnerberg Trust 1020038400. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$40,996 (2022)
Expenses
$50,295 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $40,996
  • Gross Receipts: $141,680

Assets and Liabilities:

  • Total Assets: $1,135,940
  • Total Liabilities: $0
  • Net Assets: $1,135,940

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Organization Details

Founding Year

1957

Principal Officer

Alerus Financial

Main Address

2300 SOUTH COLUMBIA ROAD, GRAND FORKS, ND, 58201

NTEE Category

Code: B11 - Education

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