M Verna Butterer Educational Trust
- Assets
- $7.0m
- Revenue
- $380.7k
- Investments
- $4.5m
- Employees
- 0
- Location
- Fountainville, PA
- Founding
- 07/1994
- Data as of
- 01/2023
- EIN
- 23-7751390
Organization Overview
M Verna Butterer Educational Trust is located in Fountainville, PA. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M Verna Butterer Educational Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2023, M Verna Butterer Educational Trust generated $380.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $320.3k during the year ending 01/2023. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, M Verna Butterer Educational Trust has awarded 225 individual grants totaling $1,263,720. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elissa J Kirkegard Administrator | 30 | $56,682 | |
Suzanne Barnhurst Trustee | 1 | $5,000 | |
Miriam M Reimel Trustee | 1 | $5,000 | |
Shannon E Jefferson-Stellato Trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,675 |
| Dividends & Interest | $218,737 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,303 |
| Capital Gain Net Income | $152,303 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $380,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,682 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,856 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,719 |
| Total operating and administrative expenses | $94,548 |
| Contributions, gifts, grants paid | $225,734 |
| Total expenses and disbursements | $320,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,434,108 |
| 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 | $1,081,536 |
| 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 | $1 |
| Total assets | $7,012,692 |
| 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, M Verna Butterer Educational Trust has awarded $225,734 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
PENN STATE UNIVERSITY SCHOLARSHIPS PURPOSE: SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION | $51,128 |
DREXEL UNIVERSITY PURPOSE: SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION | $23,779 |
Bethlehem, PA PURPOSE: SCHOLARSHIP PORTION OF AWARD FOR EDUCATION | $11,500 |
UNIVERSITY OF PITTSBURGH PURPOSE: SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION | $10,126 |
BROWN UNIVERSITY PURPOSE: SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION | $8,000 |
Washington, DC PURPOSE: SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |