Lloyd D Sweet Educational Foundation
- Assets
- $2.5m
- Revenue
- $22.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Chinook, MT
- Founding
- 10/1971
- Data as of
- 12/2022
- EIN
- 23-7131688
Organization Overview
Lloyd D Sweet Educational Foundation is located in Chinook, MT. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Lloyd D Sweet Educational Foundation 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, Lloyd D Sweet Educational Foundation generated $22.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $138.0k during the year ending 12/2022. 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
SCHOLARSHIPS AWARDED TO GRADUATES OF CHINOOK HIGH SCHOOL ATTENDING POST-SECONDARY EDUCATIONAL INSTITUTIONS. 41 RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Vanvoast President | 0 | $0 | |
Jay Eslick Vice Preside | 0 | $0 | |
Angie Billmayer Secretary | 0 | $0 | |
Jill Paulsen Treasurer | 0 | $0 | |
Danielle Gibson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72,303 |
| Dividends & Interest | $13,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,723 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $136 |
| Total Revenue | $22,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,085 |
| Total operating and administrative expenses | $41,083 |
| Contributions, gifts, grants paid | $96,950 |
| Total expenses and disbursements | $138,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,042 |
| Savings and temporary cash investments | $45,787 |
| 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 | $5,900 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,548,762 |
| 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 |