Frederick And Katrleen Hornlein Educational Trust
- Assets
- $1.3m
- Revenue
- $79.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Mountain Home, AR
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 71-6157456
Organization Overview
Frederick And Katrleen Hornlein Educational Trust is located in Mountain Home, AR. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Frederick And Katrleen Hornlein Educational 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 12/2023, Frederick And Katrleen Hornlein Educational Trust generated $79.4k 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 (3.8%) each year. All expenses for the organization totaled $62.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frederick And Katrleen Hornlein Educational Trust has awarded 388 individual grants totaling $539,123. 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
DURING 2022, THERE WERE 25 FULL AND PARTIAL SCHOLARSHIPS AWARDED TO 25 QUALIFIED APPLICANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Evans Committee Me | 0 | $0 | |
Micaela Johnson Committee Me | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,261 |
| Dividends & Interest | $44,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,920 |
| Capital Gain Net Income | $2,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $752 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,704 |
| Contributions, gifts, grants paid | $37,450 |
| Total expenses and disbursements | $62,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,311 |
| 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 | $70 |
| Investments—mortgage loans | $0 |
| Investments—other | $785,753 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,324,607 |
| 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, Frederick And Katrleen Hornlein Educational Trust has awarded $37,450 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ABBY TAYLOR PURPOSE: EDUCATIONAL SCHLARSHIP | $980 |
ALEXA DARRACQ PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,030 |
ANNA GRACE FOREMAN PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,030 |
ASHLAN TILLEY PURPOSE: EDUCATIONAL SCHOLARSHIP | $980 |
BEAU PREIS PURPOSE: EDUCATIONAL SCHOLARSHIP | $980 |
CLAIRE BARNES PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,030 |