Truman And Lorraine Julseth Scholarship Fund
- Assets
- $156.8k
- Revenue
- -$3.7k
- Investments
- $155.5k
- Employees
- 0
- Location
- Northwood, IA
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5124220
Organization Overview
Truman And Lorraine Julseth Scholarship Fund is located in Northwood, IA. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truman And Lorraine Julseth Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL SCHOLARSHIPS FOR GRADUATING SENIORS OF NORTHWOOD KENSETT HIGH SCHOOL
SUPPOT EDUCATINAL ORGANIZATIONS SUCH AS 4-H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Julseth Pres | 1 | $0 | |
Joan Dierenfeld Trustee | 1 | $0 | |
Andy Julseth Trustee | 1 | $0 | |
John Greve Sec. Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $6,643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,353 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$3,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $641 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,031 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $10,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,258 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $156,763 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Truman And Lorraine Julseth Scholarship Fund has awarded $8,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCOLAARSHIPS TO NK SCHOOL STUDENTS PURPOSE: SCHOLARSHIPS | $6,000 |
WORTH COUNTY EXTENSION PURPOSE: 4-H EDUCATIONAL GRANT | $2,000 |