Violet Norton Educational Tr
- Assets
- $828.0k
- Revenue
- $71.0k
- Investments
- $527.3k
- Employees
- 0
- Location
- Smith Center, KS
- Founding
- 08/2006
- Data as of
- 02/2024
- EIN
- 36-7461647
Organization Overview
Violet Norton Educational Tr is located in Smith Center, KS. The organization was established in 2006. 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. Violet Norton Educational Tr 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 02/2024, Violet Norton Educational Tr generated $71.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $85.3k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Violet Norton Educational Tr has awarded 20 individual grants totaling $744,577. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Terrill Board Member | 1 | $4,651 | |
Mike Isom Board Member | 0 | $0 | |
Arloa Barnes Board Member | 0 | $0 | |
Name Not Listed Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,838 |
| Dividends & Interest | $18,526 |
| Net Rental Income | $22,999 |
| Net Gain on Sale of Assets | $9,210 |
| Capital Gain Net Income | $9,210 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,651 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,111 |
| Total operating and administrative expenses | $17,473 |
| Contributions, gifts, grants paid | $67,836 |
| Total expenses and disbursements | $85,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,812 |
| 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 | $283,140 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $746 |
| Total assets | $827,989 |
| 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, Violet Norton Educational Tr has awarded $67,836 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
USD 110 PURPOSE: EDUCATIONAL | $24,000 |
USD 237 PURPOSE: EDUCATIONAL | $43,836 |