Earl D Schoeffner Charitable Tr
- Assets
- $5.9m
- Revenue
- $285.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Anne, IL
- Founding
- 12/2011
- Data as of
- 12/2023
- EIN
- 27-6685727
Organization Overview
Earl D Schoeffner Charitable Tr is located in Saint Anne, IL. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Earl D Schoeffner Charitable 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, Earl D Schoeffner Charitable Tr generated $285.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $425.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Christensen Trustee | 20 | $33,362 | |
Tim Wolford Trustee | 10 | $27,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,200 |
| Interest on Savings | $48 |
| Dividends & Interest | $0 |
| Net Rental Income | $168,013 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $285,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,847 |
| Other employee salaries and wages | $66,164 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,088 |
| Depreciation | $72,575 |
| Occupancy | $36,971 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133,475 |
| Total operating and administrative expenses | $396,793 |
| Contributions, gifts, grants paid | $28,250 |
| Total expenses and disbursements | $425,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $882,325 |
| 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 | $3,358,742 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,661,795 |
| Other assets | $0 |
| Total assets | $5,902,862 |
| 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, Earl D Schoeffner Charitable Tr has awarded $28,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SHRONTZ CEMETERY PURPOSE: SUPPORT HISTORIC CEMETARY. | $4,000 |
MOUNT AIRY CEMETERY PURPOSE: SUPPORT HISTORIC CEMETARY. | $4,000 |
MOMENCE ATHLETIC BOOSTER CLUB PURPOSE: TO SUPPORT COMMUNITY BASEBALL. | $1,500 |
GRAHAM HISTORIC HOUSE PURPOSE: TO SUPPORT A HISTORIC SITE. | $750 |
CHILDREN'S MINISTRY OF IL PURPOSE: SUPPORT NON PROFIT PURPOSE OF REACHING OUT TO CHILDREN THROUGH EVANGELISM. | $3,000 |
BIBLE WITNESS CAMP PURPOSE: TO SUPPORT A CHRISTIAN CAMP. | $5,000 |