Linda Redmann Scholarship Tr
- Assets
- $515.7k
- Revenue
- $14.0k
- Investments
- $497.4k
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 05/2016
- Data as of
- 08/2023
- EIN
- 38-7147993
Organization Overview
Linda Redmann Scholarship Tr is located in Grand Forks, ND. The organization was established in 2016. 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. Linda Redmann Scholarship 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 08/2023, Linda Redmann Scholarship Tr generated $14.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $35.8k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID TO TRINITY BIBLE COLLEGE 2023 FALL SCHOLARSHIP FOR ISABELLA DREGER (R - CHERYL)
PAID TO VALLEY CITY STATE UNIVERSITY 2023 FALL SCHOLARSHIP FOR RYLAN PARSLEY (R - CHERYL)
PAID TO UNIVERSITY OF MARY 2023 FALL SCHOLARSHIP FOR KAYLEE KEMP (R - CHERYL)
PAID TO NORTHLAND COMMUNITY & TECHNICAL COLLEGE 2023 FALL SCHOLARSHIP FOR PAIGE GUNDERSON (R - CHERYL)
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,369 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,623 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,031 |
| Total operating and administrative expenses | $7,819 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $35,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,272 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $515,655 |
| 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, Linda Redmann Scholarship Tr has awarded $15,440 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $5,790 |
NORTH DAKOTA STATE COLLEGE OF SCIENCE PURPOSE: SCHOLARSHIP | $1,930 |
LAKE REGION STATE COLLEGE PURPOSE: GRANT | $3,860 |
VALLEY CITY STATE COLLEGE PURPOSE: GRANT | $1,930 |
NORTHLAND COMMUNITY & TECHNICAL COLLEGE PURPOSE: SCHOLARSHIPS | $1,930 |