Dora L Mahanay Educational Trust
- Assets
- $793.2k
- Revenue
- $137.9k
- Investments
- $75.0k
- Employees
- 0
- Location
- Jefferson, IA
- Founding
- 09/1966
- Data as of
- 12/2021
- EIN
- 42-6091712
Organization Overview
Dora L Mahanay Educational Trust is located in Jefferson, IA. The organization was established in 1966. 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. Dora L Mahanay Educational 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, Dora L Mahanay Educational Trust generated $137.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $134.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL TRUST PROVIDES LOW-INTREST EDUCATIONAL LOANS FOR STUDENTS SEEKING A SECONDARY EDUCATION. EXPENSES INCURRED ARE FOR ORGANIZATIONAL OVERHEAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Home State Bank Trustee | 2 | $10,210 | |
Kathy Morain Trustee | 1 | $2,200 | |
Cindi Daubendiek Trustee | 10 | $2,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,860 |
| Dividends & Interest | $2,153 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $130,856 |
| Total Revenue | $137,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,589 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $118,771 |
| Total operating and administrative expenses | $134,477 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $134,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $275,410 |
| 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 | $75,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $442,765 |
| Total assets | $793,175 |
| 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 |
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