Three Rivers Endowment Trust
- Assets
- $4.7m
- Revenue
- $266.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Poplar Bluff, MO
- Founding
- 06/2010
- Data as of
- 06/2022
- EIN
- 27-1887511
Organization Overview
Three Rivers Endowment Trust is located in Poplar Bluff, MO. The organization was established in 2010. 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. Three Rivers Endowment 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 06/2022, Three Rivers Endowment Trust generated $266.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $145.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE EDUCATIONAL DEVELOPMENT AND GENERAL EDUCATIONAL WELFARE OF THREE RIVERS COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
THE THREE RIVERS ENDOWMENT TRUST, INC. WAS FORMED TO PROMOTE THE EDUCATIONAL DEVELOPMENT AND GENERAL EDUCATIONAL WELFARE OF THREE RIVERS COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Funke Chairperson | OfficerTrustee | 0.2 | $0 |
Christina Frazier-Moore Trustee | OfficerTrustee | 0.2 | $0 |
David Lynn Secretary | OfficerTrustee | 0.2 | $0 |
Riley Bock Trustee | Trustee | 0.1 | $0 |
The Hon John Bloodworth Trustee | Trustee | 0.1 | $0 |
Allen Brooks Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,272 |
| Total Program Service Revenue | $0 |
| Investment income | $32,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,420 |
| Net Income from Fundraising Events | $11,738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,372 |
| Total functional expenses | $145,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,097,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $629,454 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $257,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $80,236 |
| Investments—other securities | $0 |
| Investments—program-related | $2,647,588 |
| Intangible assets | $0 |
| Other assets | $12,667 |
| Total assets | $4,724,750 |
| Accounts payable and accrued expenses | $100,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,000 |
| Net assets without donor restrictions | $767,337 |
| Net assets with donor restrictions | $3,857,413 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,724,750 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Three Rivers Endowment Trust has recieved totaling $29,777.
| Awarding Organization | Amount |
|---|---|
Wiseheart Foundation Memphis, TN PURPOSE: GENERAL SUPPORT | $28,918 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $359 |
Endowment Analysis
| Beg. Balance | $2,084,133 |
| Earnings | -$197,708 |
| Admin Expense | -$30,258 |
| Net Contributions | $146,592 |
| Other Expense | -$14,885 |
| Grants | -$58,506 |
| Ending Balance | $1,929,368 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |