Martha D & Herbert F Schingoethe Endowment Trust
- Assets
- $5.4m
- Revenue
- $253.4k
- Investments
- $5.1m
- Employees
- 0
- Location
- Aurora, IL
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 36-6942219
Organization Overview
Martha D & Herbert F Schingoethe Endowment Trust is located in Aurora, IL. The organization was established in 1992. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Martha D & Herbert F Schingoethe Endowment 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 12/2023, Martha D & Herbert F Schingoethe Endowment Trust generated $253.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $312.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Martha D & Herbert F Schingoethe Endowment Trust has awarded 20 individual grants totaling $3,464,360. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $138,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,647 |
| Capital Gain Net Income | $106,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,554 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,461 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $38,130 |
| Contributions, gifts, grants paid | $274,291 |
| Total expenses and disbursements | $312,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $294,335 |
| 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 | $5,419,441 |
| 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, Martha D & Herbert F Schingoethe Endowment Trust has awarded $274,291 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AURORA UNIVERSITY SCHINGOETHE CENTER FOR NATIVE AMERICAN CULTURES PURPOSE: EDUCATIONAL | $254,041 |
ASU FOUNDATION FOR A NEW AMERICAN UNIVERSITY PURPOSE: MARK KLETT EXCELLENCE IN PHOTOGRAPHY SCHOLARSHIP | $20,250 |