Mccommons-Korlick Memorial Trust
- Assets
- $259.2k
- Revenue
- $8.1k
- Investments
- $255.5k
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 42-1197971
Organization Overview
Mccommons-Korlick Memorial Trust is located in Waterloo, IA. The organization was established in 2015. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, 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. Mccommons-Korlick Memorial 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 12/2021, Mccommons-Korlick Memorial Trust generated $8.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $19.8k during the year ending 12/2021. While expenses have increased by 2.4% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,092 |
| Dividends & Interest | $4,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,142 |
| Capital Gain Net Income | $1,142 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $16 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,150 |
| Contributions, gifts, grants paid | $15,600 |
| Total expenses and disbursements | $19,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,691 |
| 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 | $1 |
| Total assets | $259,232 |
| 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, Mccommons-Korlick Memorial Trust has awarded $15,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AUDREY LEYEN PURPOSE: ASSISTING THE RECIPIENT TO ATTEND ANY APPROVED COLLEGE, JUNIOR COLLEGE, COMMUNITY COLLEGE, VOCATIONAL TECHNICAL SCHOOL OR TRADE SCHOOL OF THE GRADUATE'S CHOICE. | $8,000 |
STEPHANIE KEHOE PURPOSE: ASSISTING THE RECIPIENT TO ATTEND ANY APPROVED COLLEGE, JUNIOR COLLEGE, COMMUNITY COLLEGE, VOCATIONAL TECHNICAL SCHOOL OR TRADE SCHOOL OF THE GRADUATE'S CHOICE. | $7,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
Alpha Phi International Fraternity Chicago, IL | $317,269 | $2,685,882 |
Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Alpha Phi International Fraternity Inc Chicago, IL | $367,493 | $1,661,589 |
Alpha Phi Omega National Service Fraternity Kansas City, MO | $10,346,073 | $1,755,361 |
Alpha Phi International Fraternity Inc Chicago, IL | $358,828 | $1,806,685 |