Claude And Verne Line Scholarship Fund Trust
- Assets
- $1.2m
- Revenue
- $194.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 12/1982
- Data as of
- 11/2024
- EIN
- 31-1038789
Organization Overview
Claude And Verne Line Scholarship Fund Trust is located in Evansville, IN. The organization was established in 1982. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Claude And Verne Line Scholarship Fund 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 11/2024, Claude And Verne Line Scholarship Fund Trust generated $194.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.8% each year . All expenses for the organization totaled $78.3k during the year ending 11/2024. While expenses have increased by 8.6% per year over the past 5 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 2020, Claude And Verne Line Scholarship Fund Trust has awarded 50 individual grants totaling $239,800. 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 |
|---|---|---|---|
Old National Wealth Mgmt Trustee | 1 | $19,964 | |
Brian Wilson Principal Director | 1 | $0 | |
Brian Uebelhor Director | 1 | $0 | |
Sean Jochim Guidance Director | 1 | $0 | |
Deb Schum Director | 1 | $0 | |
Tina Hilgediek Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,194 |
| Capital Gain Net Income | $163,194 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $194,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,964 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $362 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $20,328 |
| Contributions, gifts, grants paid | $58,000 |
| Total expenses and disbursements | $78,328 |
| 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 | $1,177,245 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,177,245 |
| 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, Claude And Verne Line Scholarship Fund Trust has awarded $58,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY SOUTHEAST PURPOSE: SCHOLARSHIPS | $9,500 |
ROSE-HULMAN INSTITUTE OF TECHNOLOGY PURPOSE: SCHOLARSHIPS | $9,500 |
PURDUE UNIVERSITY PURPOSE: SCHOLARSHIPS | $9,500 |
PRESBYTERIAN CHURCH PURPOSE: PROGRAM SUPPORT | $250 |
TRINITY UNITED CHURCH OF CHRIST PURPOSE: PROGRAM SUPPORT | $250 |
FIRST BAPTIST CHURCH JASPER PURPOSE: PROGRAM SUPPORT | $250 |