Glasgow High School Educational Trust
- Assets
- $10.5m
- Revenue
- $584.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Glasgow, MT
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 23-7017819
Organization Overview
Glasgow High School Educational Trust is located in Glasgow, MT. The organization was established in 2019. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, 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. Glasgow High School Educational 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 06/2022, Glasgow High School Educational Trust generated $584.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $208.9k during the year ending 06/2022. While expenses have increased by 0.5% 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.
Since 2015, Glasgow High School Educational Trust has awarded 103 individual grants totaling $1,155,585. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE TO STUDENTS TO ATTEND INSTITUTIONS OF HIGHER EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTED NUMEROUS SCHOLARSHIPS TO QUALIFYING INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Knodel Trustee | Trustee | 0 | $0 |
Drew Markle Trustee | Trustee | 0 | $0 |
Robert Martin Trustee | Trustee | 0 | $0 |
Linda Allie Secretary | OfficerTrustee | 0 | $0 |
Jeanine Markle CEO | OfficerTrustee | 0 | $0 |
Danielle Anderson Eo | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,254 |
| Total Program Service Revenue | $0 |
| Investment income | $180,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $212,468 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $197,815 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $144 |
| Office expenses | $1,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,354 |
| All other expenses | $0 |
| Total functional expenses | $208,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,647 |
| Savings and temporary cash investments | $4,813,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,465 |
| Investments—publicly traded securities | $5,682,487 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,531,616 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $10,531,616 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,531,616 |
Grants Awarded
Over the last fiscal year, Glasgow High School Educational Trust has awarded $183,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MSU - BILLINGS PURPOSE: FINANCIAL AID TO STUDENTS | $9,000 |
MSU - BOZEMAN PURPOSE: FINANCIAL AID TO STUDENTS | $46,000 |
CARROLL COLLEGE PURPOSE: FINANCIAL AID TO STUDENTS | $9,000 |
MONTANA TECH PURPOSE: FINANCIAL AID TO STUDENTS | $10,000 |
MSU NORTHERN PURPOSE: FINANCIAL AID TO STUDENTS | $16,000 |
BRIGHAM YOUNG UNIVERSITY-IDAHO PURPOSE: FINANCIAL AID TO STUDENTS | $7,000 |