Sheridan County Memorial Educational Trust
- Assets
- $221.4k
- Revenue
- $7.1k
- Investments
- $190.9k
- Employees
- 0
- Location
- Williston, ND
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 36-3479962
Organization Overview
Sheridan County Memorial Educational Trust is located in Williston, ND. The organization was established in 1987. 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. Sheridan County Memorial 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 12/2022, Sheridan County Memorial Educational Trust generated $7.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $12.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 6 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 |
|---|---|---|---|
First State Bank Trust Company Trustee | 1 | $2,393 | |
Jeff Richardson Trustee | 0.1 | $0 | |
Benny Richardson Trustee | 0.1 | $0 | |
Dr Amanda L Simonson Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,568 |
| Capital Gain Net Income | $1,568 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,393 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $210 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,790 |
| Contributions, gifts, grants paid | $7,300 |
| Total expenses and disbursements | $12,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,522 |
| 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 | $140,766 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8 |
| Total assets | $221,428 |
| 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, Sheridan County Memorial Educational Trust has awarded $7,300 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANSON JOYES PURPOSE: SCHOLARSHIP | $700 |
KYLEE KLEPPEN PURPOSE: SCHOLARSHIP | $800 |
KATE SIMONSON PURPOSE: SCHOLARSHIP | $800 |
LEDGER PULVERMACHER PURPOSE: SCHOLARSHIP | $700 |
REESE WIRTZ PURPOSE: SCHOLARSHIP | $600 |
CHRISTOPHER WEISS PURPOSE: SCHOLARSHIP | $700 |