Siegfried Petersen Educational Tr
- Assets
- $972.3k
- Revenue
- $21.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Tipton, IA
- Founding
- 06/2004
- Data as of
- 12/2023
- 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 12/2023, Siegfried Petersen Educational Tr generated $21.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $36.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Siegfried Petersen Educational Tr has awarded 40 individual grants totaling $133,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR POST HIGH SCHOOL EDUCATION: SIX SCHOLARSHIPS WERE AWARDED IN MAY 2023 FOR POST SECONDARY EDUCATION. SCHOLARSHIPS TOTALED 30,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Reidy Abel Trustee | 10 | $0 | |
Kenneth Beuthien Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,209 |
| Dividends & Interest | $44,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,606 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,784 |
| 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 | $6,093 |
| Total operating and administrative expenses | $6,788 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $36,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,608 |
| Savings and temporary cash investments | $896,650 |
| 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 | $972,258 |
| 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 $30,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CAITLIN JENSEN PURPOSE: SCHOLARSHIP | $6,000 |
BRENNA WILKINS PURPOSE: SCHOLARSHIP | $4,000 |
BRODY DEERBERG PURPOSE: SCHOLARSHIP | $8,000 |
AUBRIE PRUESS PURPOSE: SCHOLARSHIP | $2,000 |
MARIAH PETERSEN PURPOSE: SCHOLARSHIP | $2,000 |
TREVOR HENNINGS PURPOSE: SCHOLARSHIP | $8,000 |