Lester Prehn Trust
- Assets
- $61.2k
- Revenue
- $5.2k
- Investments
- $61.2k
- Employees
- 0
- Location
- Norwalk, IA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 42-6360957
Organization Overview
Lester Prehn Trust is located in Norwalk, IA. The organization was established in 0000. 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.
For the year ending 12/2021, Lester Prehn Trust generated $5.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.5k during the year ending 12/2021. 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 | $0 |
| Dividends & Interest | $2,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,962 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $591 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,110 |
| Contributions, gifts, grants paid | $2,350 |
| Total expenses and disbursements | $3,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13 |
| 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 | $61,176 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,350 |
| 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 | $2,350 |
Grants Awarded
Over the last fiscal year, Lester Prehn Trust has awarded $2,350 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
IAN WETZLER PURPOSE: SCHOLARSHIP | $500 |
JACK FRANEY PURPOSE: SCHOLARSHIP | $500 |
BROOKS TROM PURPOSE: SCHOLARSHIP | $500 |
DEREK KLEVE PURPOSE: SCHOLARSHIP | $300 |
ALANI GIBSON PURPOSE: SCHOLARSHIP | $300 |
GRACE DUNAHOO PURPOSE: SCHOLARSHIP | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |