W B Small Trust
- Assets
- $1.9m
- Revenue
- $199.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Cedar Falls, IA
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 42-6161925
Organization Overview
W B Small Trust is located in Cedar Falls, IA. The organization was established in 2009. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. W B Small 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, W B Small Trust generated $199.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $127.8k during the year ending 12/2021. While expenses have increased by 0.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE W.B. SMALL TRUST PROVIDES SCHOLARSHIP GRANTS ON AN OBJECTIVE, NON-DISCRIMINATORY BASIS, WITHOUT REGARD TO AGE, GENDER, RACE OR DISABILITY TO ASSIST YOUNG MEN AND WOMEN TO OBTAIN HIGHER EDUCATION IN CHRISTIAN COLLEGES AND UNIVERSITIES. THE TRUST'S GRANT MAKING PROCEDURES WERE APPROVED BY IRS IN AN EXEMPTION LETTER DATED MAY 22, 2009.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reverend Cathy F Young Trustee | 0 | $0 | |
Robert L Smith Jr Trustee | 0 | $0 | |
John Locke Trustee | 0 | $0 | |
Lori Johnson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $154,513 |
| Capital Gain Net Income | $154,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32 |
| Total Revenue | $199,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,974 |
| Total operating and administrative expenses | $27,822 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $127,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,077 |
| 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 | $1,901,293 |
| 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, W B Small Trust has awarded $93,500 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
BLAKE STRUVE PURPOSE: SEE ATTACHED STATEMENT. | $3,750 |
JOHN ENGWALL PURPOSE: SEE ATTACHED STATEMENT. | $3,750 |
CHRISTOPHER RAMSTAD PURPOSE: SEE ATTACHED STATEMENT. | $3,750 |
AARON ZIMMERMAN PURPOSE: SEE ATTACHED STATEMENT. | $2,500 |
BENJAMIN MICHEEL PURPOSE: SEE ATTACHED STATEMENT. | $2,500 |
ADAM SMITH PURPOSE: SEE ATTACHED STATEMENT. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Minnesota State University Moorhead Foundation Inc Moorhead, MN | $54,713,743 | $22,543,778 |
University Of Minnesota Alumni Association Minneapolis, MN | $34,396,499 | $3,938,876 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Missouri Alumni Assn Columbia, MO | $16,718,552 | $3,263,310 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Grand Island Public Schools Foundation Grand Island, NE | $10,746,895 | $4,368,224 |
Northern Illinois University Alumni Association Dekalb, IL | $2,687,455 | $1,196,387 |
Alumni Association Of The University Of South Dakota Vermillion, SD | $0 | $7,549 |
South Dakota State University Alumni Association Brookings, SD | $649,499 | $1,131,261 |