Mars & Verna Rolfson Scholarship Trust
- Assets
- $484.7k
- Revenue
- $57.9k
- Investments
- $484.7k
- Employees
- 0
- Location
- Billings, MT
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 36-3677368
Organization Overview
Mars & Verna Rolfson Scholarship Trust is located in Billings, MT. The organization was established in 1990. 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. Mars & Verna Rolfson 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 12/2021, Mars & Verna Rolfson Scholarship Trust generated $57.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $32.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mars & Verna Rolfson Scholarship Trust has awarded 66 individual grants totaling $122,902. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,529 |
| Capital Gain Net Income | $44,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86 |
| Total Revenue | $57,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,956 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,264 |
| Contributions, gifts, grants paid | $24,602 |
| Total expenses and disbursements | $32,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $484,677 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $484,677 |
| 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, Mars & Verna Rolfson Scholarship Trust has awarded $24,602 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
MSU - BOZEMAN PURPOSE: SCHOLARSHIP | $3,368 |
U OF M - MISSOULA PURPOSE: SCHOLARSHIP | $2,000 |
Kalispell, MT PURPOSE: SCHOLARSHIP | $2,000 |
HUMBOLT STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
Tampa, FL PURPOSE: SCHOLARSHIP | $2,000 |
MSU - BOZEMAN PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Ndscs Foundation Wahpeton, ND | $50,662,223 | $6,003,050 |
South Dakota Partners In Education Sioux Falls, SD | $284,473 | $2,000,094 |
Lake Area Technical College Foundation Watertown, SD | $28,796,845 | $15,847,172 |
Grizzly Athletic Association Missoula, MT | $3,440,288 | $1,567,594 |
Mitchell Technical Institute Foundation Mitchell, SD | $5,563,880 | $1,773,280 |
Smeed Memorial Foundation Caldwell, ID | $14,974 | $38,641 |