Field Memorial Scholarship Trust
- Assets
- $462.4k
- Revenue
- $42.8k
- Investments
- $457.1k
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 42-6370219
Organization Overview
Field Memorial Scholarship Trust is located in Mason City, IA. The organization was established in 1995. 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. Field Memorial Scholarship 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, Field Memorial Scholarship Trust generated $42.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $36.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Field Memorial Scholarship Trust has awarded 106 individual grants totaling $186,938. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $87 |
| Dividends & Interest | $10,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,345 |
| Capital Gain Net Income | $32,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,837 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,551 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $9,826 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $36,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,357 |
| 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 | $462,407 |
| 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, Field Memorial Scholarship Trust has awarded $27,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKE MUELLERIOWA STATE UNIV PURPOSE: COLLEGE SCHOLARSHIP | $2,184 |
HANNAH AUSENHUSCOE COLLEGE PURPOSE: COLLEGE SCHOLARSHIP | $3,728 |
JENNIFER OVERYBYU PURPOSE: COLLEGE SCHOLARSHIP | $3,727 |
ALEXIS OPPMANUNIV OF IOWA PURPOSE: COLLEGE SCHOLARSHIP | $2,183 |
ARICKA OPPMANUNIV OF NORTHERN IOWA PURPOSE: COLLEGE SCHOLARSHIP | $1,544 |
HANNAH LANPHEREIOWA STATE UNIV PURPOSE: COLLEGE SCHOLARSHIP | $3,727 |