Loogootee Community School Scholarship Trust
- Assets
- $971.8k
- Revenue
- $86.1k
- Investments
- $893.8k
- Employees
- 0
- Location
- Jasper, IN
- Founding
- 11/1984
- Data as of
- 12/2022
- EIN
- 35-6399803
Organization Overview
Loogootee Community School Scholarship Trust is located in Jasper, IN. The organization was established in 1984. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary 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. Loogootee Community School Scholarship 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 12/2022, Loogootee Community School Scholarship Trust generated $86.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $66.6k during the year ending 12/2022. 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 |
|---|---|---|---|
Chip Mehaffey Committee Member | 0 | $0 | |
Tracy Anderson Committee Member | 0 | $0 | |
German American Bancorp Trustee | 0 | $12,938 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,762 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,073 |
| Capital Gain Net Income | $60,073 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,938 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,961 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,949 |
| Contributions, gifts, grants paid | $50,700 |
| Total expenses and disbursements | $66,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,072 |
| 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 | $971,826 |
| 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 |