Nicholas J Schrup Charitable Trust is located in Dubuque, IA. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicholas J Schrup Charitable 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 12/2022, Nicholas J Schrup Charitable Trust generated $18.8k in total revenue. All expenses for the organization totaled $19.3k during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas J Schrup III Trustee | 0 | $0 | |
Midwestone Bank Agent For Trustee | 0 | $180 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,278 |
| Interest on Savings | $16 |
| Dividends & Interest | $541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,995 |
| Capital Gain Net Income | $15,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $268 |
| Contributions, gifts, grants paid | $19,000 |
| Total expenses and disbursements | $19,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $836 |
| 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 | $4,404 |
| 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 |
Over the last fiscal year, Nicholas J Schrup Charitable Trust has awarded $19,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LORAS COLLEGE PURPOSE: EDUCATIONAL/RELIGIOUS | $12,000 |
ARCHDIOCESE OF DUBUQUE PURPOSE: RELIGIOUS | $5,000 |
IOWA COLLEGE FOUNDATION PURPOSE: EDUCATIONAL | $2,000 |