THE REMNANT TRUST INC

EIN: 352072847 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$427,346
Total Expenses
$427,489
Total Assets
$24,884,002
Net Assets
$24,870,414
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IN
Principal Officer
SEAN DELAUTER
Phone
4632743314
Tax Period
2023-01-01 to 2023-12-31

THE REMNANT TRUST INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $427K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Net assets of $24.9M represent 698 months of operating reserves.

Mission

THE MISSION OF THE REMNANT TRUST IS TO ELEVATE EDUCATIONAL STANDARDS & THE PUBLIC'S UNDERSTANDING OF INDIVIDUAL LIBERTY & HUMAN DIGNITY THROUGH THE PRECEDENT SETTING, HANDS ON AVAILABILITY OF THE WORLD'S GREAT IDEAS IN ORIGINAL FORM TO RAISE CONSCIOUSNESS OF THE MOST SIGNIFICANT DOCUMENTS THAT HAVE SHAPED AMERICA: THE GREAT EXPERIMENT TO RAISE THE SPIRITS OF EACH GENERATION TO THINK THE GRANDEST THOUGHTS & BE GUIDED BY THE MOST PROFOUND IDEALISM, IMPLEMENTING EMERSON'S THESIS ON MAN THINKING TO PROVIDE, THROUGH SHARING, THOSE WORKS MOVING GOETHE'S VISION INTO REALITY: TO THINK IS EASY, TO ACT IS HARD, BUT THE HARDEST THING IN THE WORLD IS TO ACT IN ACCORDANCE WITH ONE'S THINKING TO BE THE WORLDS'S FINEST REPOSITORY OF THE GREAT IDEAS THAT HAVE PROPELLED MAN THROUGH THE CENTURIES FROM THE EARTH TO THE STARS TO BE FREE, TO THINK, SPEAK & ACT IN KEEPING WITH THE GREATEST OF ENDURING ASSETS: REASON, WITH JUSTICE FOR ALL GREAT IDEAS BELONG TO EVERYONE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $385,340
Program Service Revenue $0
Investment Income $41,169
Other Revenue $837
TOTAL REVENUE $427,346

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,394
Fundraising Expenses $112,413
Program Expenses $150,900
Other Expenses $310,998
TOTAL EXPENSES $427,489

Year-over-Year Comparison

2023 2022 Change
Revenue $427,346 $1,088,352 -0.6%
Expenses $427,489 $122,783 +2.5%
Net Income $-143 $965,569 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS TALLEY CHAIRMAN/CEO 4.00
Officer Director
$0 $0 $0
JULIA HETHERINGTON SECRETARY 1.00
Officer Director
$0 $0 $0
SEAN DELAUTER TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD RECHTER DIRECTOR 2.00
Director
$0 $0 $0
ROBERT HARDY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SONKSEN DIRECTOR 0.50
Director
$0 $0 $0
BILL REID DIRECTOR 1.00
Director
$0 $0 $0
JOHN MCGOFF DIRECTOR 1.00
Director
$0 $0 $0
DAVID ROLAND DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $427,346 $427,489 $24,884,002 $-143
2022 $338,521 $310,029 $23,930,751 $28,492
2022 $1,088,352 $122,783 $24,867,177 $965,569
2021 $299,172 $209,492 $24,006,323 $89,680
2020 $265,130 $213,206 $23,841,587 $51,924
2019 $267,992 $218,458 $23,757,780 $49,534
2018 $485,001 $220,415 $23,352,415 $264,586
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