Stevens-Schroeder Scholarship Tr
- Assets
- $149.6k
- Revenue
- $8.5k
- Investments
- $149.6k
- Employees
- 0
- Location
- Montevideo, MN
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 45-6913410
Organization Overview
Stevens-Schroeder Scholarship Tr is located in Montevideo, MN. The organization was established in 2015. 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. Stevens-Schroeder Scholarship Tr 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, Stevens-Schroeder Scholarship Tr generated $8.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $11.4k during the year ending 12/2021. While expenses have increased by 4.8% 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
COLLEGE SCHOLARSHIPS PAID TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Henderson Trustee | 1 | $1,000 | |
Keith Brustuen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $2,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,445 |
| Capital Gain Net Income | $6,445 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $139 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,621 |
| Total operating and administrative expenses | $3,870 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $11,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $149,599 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $149,599 |
| 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, Stevens-Schroeder Scholarship Tr has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MORGAN HAALAND PURPOSE: SCHOLARSHIP | $5,000 |
JACK CHURCHHILL PURPOSE: SCHOLARSHIP | $5,000 |
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|---|---|---|
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Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |
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Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
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