Delyte K Zearing And Robert I Zearing Trust University
- Assets
- $336.4k
- Revenue
- $72.9k
- Investments
- $209.8k
- Employees
- 0
- Location
- Princeton, IL
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 36-6980732
Organization Overview
Delyte K Zearing And Robert I Zearing Trust University is located in Princeton, IL. The organization was established in 1992. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Delyte K Zearing And Robert I Zearing Trust University 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, Delyte K Zearing And Robert I Zearing Trust University generated $72.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $125.6k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Delyte K Zearing And Robert I Zearing Trust University has awarded 129 individual grants totaling $430,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR BUREAU COUNTY STUDENTS TO ATTEND THE UNIVERSITY OF ILLINOIS. SIXTEEN STUDENT SCHOLARSHIPS PLUS ADMINISTRATIVE EXPENSES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $284 |
| Dividends & Interest | $8,296 |
| Net Rental Income | $12,934 |
| Net Gain on Sale of Assets | -$1,268 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,700 |
| Total operating and administrative expenses | $57,612 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $125,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,660 |
| 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 | $87,863 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $336,371 |
| 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, Delyte K Zearing And Robert I Zearing Trust University has awarded $68,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BRET DANNIS PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
JACOB CALLAHAN PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
BRIANNA LEGNER PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
MAX MANNING PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
CASSIDY OLDS PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
SHANNON COTTER PURPOSE: COLLEGE SCHOLARHSIP | $4,000 |