Gwendolyn F And Lucian L Hinecker Scholarship Tr
- Assets
- $1.5m
- Revenue
- $168.9k
- Investments
- $1.4m
- Employees
- 0
- Location
- Marshalltown, IA
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 46-6706404
Organization Overview
Gwendolyn F And Lucian L Hinecker Scholarship Tr is located in Marshalltown, IA. The organization was established in 2013. 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. Gwendolyn F And Lucian L Hinecker 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 12/2023, Gwendolyn F And Lucian L Hinecker Scholarship Tr generated $168.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $144.5k during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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.
Since 2015, Gwendolyn F And Lucian L Hinecker Scholarship Tr has awarded 104 individual grants totaling $930,450. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,742 |
| Dividends & Interest | $50,773 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,144 |
| Capital Gain Net Income | $104,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,289 |
| Total Revenue | $168,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $132 |
| Total operating and administrative expenses | $24,482 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $144,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,711 |
| 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 | $248,842 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $593 |
| Total assets | $1,470,965 |
| 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, Gwendolyn F And Lucian L Hinecker Scholarship Tr has awarded $120,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL COLLEGE PURPOSE: SCHOLARSHIPS | $8,000 |
DRAKE UNIVERSITY PURPOSE: SCHOLARSHIPS | $10,000 |
UNIVERSITY OF DUBUQUE PURPOSE: SCHOLARSHIPS | $4,000 |
UNIVERSITY OF IOWA PURPOSE: SCHOLARSHIPS | $19,000 |
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $54,500 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: SCHOLARSHIPS | $12,000 |