Siegfried Petersen Educational Tr
- Assets
- $922.3k
- Revenue
- $42.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Tipton, IA
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 20-1021305
Organization Overview
Siegfried Petersen Educational Tr is located in Tipton, IA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Siegfried Petersen 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 12/2022, Siegfried Petersen Educational Tr generated $42.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.9% each year . All expenses for the organization totaled $39.8k during the year ending 12/2022. While expenses have increased by 37.9% per year over the past 6 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 2018, Siegfried Petersen Educational Tr has awarded 43 individual grants totaling $136,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR POST HIGH SCHOOL EDUCATION: TEN SCHOLARSHIPS WERE AWARDED IN MAY 2021 FOR POST SECONDARY EDUCATION. SCHOLARSHIPS TOTALED 34,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Beuthien Trustee | 7 | $0 | |
Katie Reidy Abel Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $102 |
| Dividends & Interest | $44,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,866 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $6,656 |
| Total operating and administrative expenses | $7,326 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $39,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,048 |
| Savings and temporary cash investments | $846,253 |
| 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 | $922,301 |
| 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, Siegfried Petersen Educational Tr has awarded $32,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COURTNEY PETERSEN PURPOSE: SCHOLARSHIP | $6,000 |
KEITH URMIE PURPOSE: SCHOLARSHIP | $5,500 |
ALEXIA KLINKHAMMER PURPOSE: SCHOLARSHIP | $5,000 |
MARIAH PETERSEN PURPOSE: SCHOLARSHIP | $4,000 |
ABIGAIL RHOADES PURPOSE: SCHOLARSHIP | $4,000 |
ZOE STONEBRAKER PURPOSE: SCHOLARSHIP | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |