Harry And Winnie Mcnay Education Trust
- Assets
- $858.1k
- Revenue
- $79.6k
- Investments
- $600.6k
- Employees
- 0
- Location
- Billings, MT
- Founding
- 01/1980
- Data as of
- 06/2024
- EIN
- 42-6252638
Organization Overview
Harry And Winnie Mcnay Education Trust is located in Billings, MT. The organization was established in 1980. 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. Harry And Winnie Mcnay Education 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 06/2024, Harry And Winnie Mcnay Education Trust generated $79.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $46.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Harry And Winnie Mcnay Education Trust has awarded 91 individual grants totaling $164,406. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $12,764 | |
Craig Scott Committee Member | 1 | $0 | |
Sue Curnutte Committee Member | 1 | $0 | |
Ruth Smith Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,896 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,710 |
| Capital Gain Net Income | $50,710 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,606 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,756 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $298 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $167 |
| Total operating and administrative expenses | $15,594 |
| Contributions, gifts, grants paid | $30,516 |
| Total expenses and disbursements | $46,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,036 |
| 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 | $176,460 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $600,562 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $858,058 |
| 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, Harry And Winnie Mcnay Education Trust has awarded $30,516 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH ALABAMA PURPOSE: SCHOLARSHIP | $1,000 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: SCHOLARSHIP | $1,000 |
NORTHWEST MISSOURI STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
CENTRAL COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: SCHOLARSHIP | $1,000 |
IOWAS STATE UNIVESITY PURPOSE: SCHOLARSHIP | $1,000 |