Susie & Juanita Streid Estate Trust
- Assets
- $1.1m
- Revenue
- $253.9k
- Investments
- $17.2k
- Employees
- 0
- Location
- Normal, IL
- Founding
- 09/1991
- Data as of
- 12/2023
- EIN
- 37-6261410
Organization Overview
Susie & Juanita Streid Estate Trust is located in Normal, IL. The organization was established in 1991. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Susie & Juanita Streid Estate 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, Susie & Juanita Streid Estate Trust generated $253.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $275.8k during the year ending 12/2023. While expenses have increased by 25.2% per year over the past 5 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 2020, Susie & Juanita Streid Estate Trust has awarded 15 individual grants totaling $454,341. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THIS TRUST OWNS 3 FARMS THAT WERE LEFT IN THE TRUST, THE PROFIT FROM THESE FARMS PROVIDE INCOME TO A NOT FOR PROFIT RETIREMENT HOME, A CHURCH, AND TO PROVIDE SCHOLARSHIPS. THE TRUSTEE OVERSEES THE MANAGEMENT OF THESE FARMS TO MAXIMIZE INCOME FOR THE BENEFIT OF THE BENFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDER PAR. 7TH(C) OF THE LAST WILL OF JUANITA STREID & PAR. 4TH(F) OF THE LAST WILL OF SUSIE STREID, THE NET INCOME FROM 115 ACRES OF FARMLAND WAS TO BE USED FOR SCHOLARSHIPS FOR STUDENTS FROM CHENOA HIGH SCHOOL AND MENNONITE BIBLE SEMINARY.
UNDER PAR. 7TH(B) OF THE LAST WILL OF JUANITA R. STREID & PAR. 4TH(E) OF THE LAST WILL OF SUSIE STREID, THE NET INCOME FROM 115 ACRES OF FARMLAND WAS TO BE PAID TO CHURCH OF CHRIST UNITING.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $13,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $240,524 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $264,341 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,725 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,593 |
| Insurance | $0 |
| All other expenses | $15 |
| Total functional expenses | $275,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,253 |
| Savings and temporary cash investments | $127,947 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $894,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,244 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,057,662 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,078,904 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$21,242 |
| Total liabilities and net assets/fund balances | $1,057,662 |
Grants Awarded
Over the last fiscal year, Susie & Juanita Streid Estate Trust has awarded $264,341 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF CHRIST UNITING PURPOSE: CHARITABLE | $117,375 |
ANABAPTIST MENNONITE BIBLICAL SEMINARY PURPOSE: SCHOLARSHIPS | $73,483 |
PRAIRIE CENTRAL COMMUNITY UNIT #8 PURPOSE: SCHOLARSHIPS | $73,483 |