Leo C Parent Scholarship Tr Ii
- Assets
- $1.7m
- Revenue
- $57.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 26-6312571
Organization Overview
Leo C Parent Scholarship Tr Ii is located in Grand Forks, ND. The organization was established in 2010. 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. Leo C Parent Scholarship Tr Ii 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, Leo C Parent Scholarship Tr Ii generated $57.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $53.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,520 |
| Capital Gain Net Income | $21,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,566 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $213 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,389 |
| Total operating and administrative expenses | $20,142 |
| Contributions, gifts, grants paid | $33,448 |
| Total expenses and disbursements | $53,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,133 |
| Savings and temporary cash investments | $0 |
| 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 | $1,682,150 |
| 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, Leo C Parent Scholarship Tr Ii has awarded $43,200 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,400 |
ALEXANDRIA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $2,400 |
CONCORDIA COLLEGE PURPOSE: SCHOLARSHIP | $2,400 |
NORTHLAND COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $9,000 |
BEMIDJI STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,200 |
UNIVERSITY OF MINNESOTA PURPOSE: SCHOLARSHIP | $7,800 |