Flegel Scholarship Tr
- Assets
- $2.0m
- Revenue
- $317.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Great Falls, MT
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-6814294
Organization Overview
Flegel Scholarship Tr is located in Great Falls, MT. The organization was established in 2010. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Flegel Scholarship Tr 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 12/2021, Flegel Scholarship Tr generated $317.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $115.7k during the year ending 12/2021. While expenses have increased by 4.1% 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, Flegel Scholarship Tr has awarded 109 individual grants totaling $449,630. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INCOME OF THE TRUST IS INTENDED TO BE USED EACH YEAR FOR POST-SECONDARY FINANCIAL AID FOR STUDENTS GRADUATING FROM LINTON HIGH SCHOOL IN LINTON, ND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Keeney Director | 1 | $0 | |
Linda Kelsch Director | 1 | $0 | |
Daniel Weber Director | 1 | $0 | |
Sandy Feist Director | 1 | $0 | |
Aaron Stuckle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $187,192 |
| Capital Gain Net Income | $187,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,869 |
| Total Revenue | $316,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105 |
| Total operating and administrative expenses | $33,413 |
| Contributions, gifts, grants paid | $82,279 |
| Total expenses and disbursements | $115,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $2,030,658 |
| 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 | $2,429 |
| Total liabilities | $2,429 |
Grants Awarded
Over the last fiscal year, Flegel Scholarship Tr has awarded $82,279 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
LUCAS SCHUMACHER PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $3,165 |
MADISYN OHLHAUSER PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $3,165 |
TIFFNEY SALWEI PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $3,165 |
EMILY KELSCH PURPOSE: SCHOLARSHIP FOR HIGHER ECUCATION | $3,165 |
NATHAN SCHATZ PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $3,165 |
MADISON PTACEK PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $3,165 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Billings Catholic Schools Foundation Billings, MT | $35,868,574 | $2,349,630 |
Janice Seagraves Family Foundation Inc Twin Falls, ID | $21,049,001 | $1,556,609 |
Panhandle Alliance For Education Inc Sandpoint, ID | $4,964,677 | $808,919 |
The Education Foundation For Joint School District 2 Inc Meridian, ID | $2,506,760 | $1,499,562 |
Alexa Rose Howell Cultural Foundation Boise, ID | $1,562,530 | $346,091 |
Blue Hawk Touchdown Club Dickinson, ND | $0 | $148,352 |
Anna Schindler Foundation Post Falls, ID | $1,291,958 | $556,607 |
Fargo Public Schools Development Foundation Fargo, ND | $4,450,890 | $690,925 |
Dickinson Catholic Schools Foundation Dickinson, ND | $4,984,545 | $437,252 |
Montana 4-H Foundation Inc Havre, MT | $832,099 | $294,331 |
Helena Education Foundation Helena, MT | $236,432 | $376,192 |