Schermerhorn Family Trust
- Assets
- $257.5k
- Revenue
- $6.5k
- Investments
- $203.6k
- Employees
- 0
- Location
- Boise, ID
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 84-1417105
Organization Overview
Schermerhorn Family Trust is located in Boise, ID. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schermerhorn Family 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, Schermerhorn Family Trust generated $6.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $18.0k during the year ending 12/2022. While expenses have increased by 3.6% 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHERMERHORN FAMILY TRUST PROVIDES GRANTS TO THE WASHINGTON STATE UNIVERSITY VETERINARY SCHOOL FOUNDATION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $78 |
| Dividends & Interest | $7,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,244 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,567 |
| Total Revenue | $6,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,991 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $17,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,889 |
| 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 | $8,186 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $257,461 |
| 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 | $10,410 |
| Total liabilities | $10,410 |
Grants Awarded
Over the last fiscal year, Schermerhorn Family Trust has awarded $12,565 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON STATE VETERINARY SCHOOL PURPOSE: SCHOLARSHIP | $10,500 |
WASHINGTON STATE VETERINARY SCHOOL PURPOSE: CONTRIBUTION | $2,065 |