Merlin C Begalske Tr
- Assets
- $315.9k
- Revenue
- $18.0k
- Investments
- $303.2k
- Employees
- 0
- Location
- Postville, IA
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-6335296
Organization Overview
Merlin C Begalske Tr is located in Postville, IA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Merlin C Begalske 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, Merlin C Begalske Tr generated $18.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $14.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Merlin C Begalske Tr has awarded 64 individual grants totaling $118,078. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Elliott Former Trust | 2 | $3,200 | |
Shannon Schissel Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74 |
| Interest on Savings | $97 |
| Dividends & Interest | $6,489 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,087 |
| Capital Gain Net Income | $9,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $256 |
| Total Revenue | $18,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $4,215 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $14,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,569 |
| Savings and temporary cash investments | $66 |
| 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 | $303,221 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $315,856 |
| 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, Merlin C Begalske Tr has awarded $10,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BRAEDEN ELLIS PURPOSE: SCHOLARSHIP | $1,000 |
ASHTON PFISTER PURPOSE: SCHOLARSHIP | $1,000 |
JOSEPH PRENTICE PURPOSE: SCHOLARSHIP | $1,000 |
ZAIDA MOORE PURPOSE: SCHOLARSHIP | $1,000 |
KENLIN SCHMITT PURPOSE: SCHOLARSHIP | $1,000 |
DAVAN CROOKER PURPOSE: SCHOLARSHIP | $1,000 |