Sylvester A Schunk Educational Tr
- Assets
- $77.9k
- Revenue
- $45.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MN
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 71-6202234
Organization Overview
Sylvester A Schunk Educational Tr is located in Springfield, MN. The organization was established in 2003. 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. Sylvester A Schunk Educational 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, Sylvester A Schunk Educational Tr generated $45.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $38.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sylvester A Schunk Educational Tr has awarded 107 individual grants totaling $111,584. 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
EDUCATIONAL SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Hillesheim Admin 1 | 1.5 | $800 | |
Keith Lang Admin 1 | 1 | $750 | |
Kim Lang Admin 1 | 1 | $250 | |
Brooke Kratz Admin 1 | 1 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $269 |
| Dividends & Interest | $0 |
| Net Rental Income | $45,051 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,770 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $188 |
| Total operating and administrative expenses | $11,658 |
| Contributions, gifts, grants paid | $26,836 |
| Total expenses and disbursements | $38,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,929 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,929 |
| 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, Sylvester A Schunk Educational Tr has awarded $26,836 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ST RAPHAEL'S CHURCH PURPOSE: EDUCATIONAL | $5,991 |
ALEX WINDSCHITL PURPOSE: EDUCATIONAL | $1,200 |
ALEXIS CLEMON PURPOSE: EDUCATIONAL | $925 |
KATELYNN CLEMON PURPOSE: EDUCATIONAL | $975 |
BRODY STURM PURPOSE: EDUCATIONAL | $1,200 |
DYLAN BATZLAFF PURPOSE: EDUCATIONAL | $1,050 |