Gruett Scholarship Trust
- Assets
- $296.9k
- Revenue
- $27.0k
- Investments
- $296.9k
- Employees
- 0
- Location
- Merrill, WI
- Founding
- 02/1969
- Data as of
- 12/2023
- EIN
- 39-1093528
Organization Overview
Gruett Scholarship Trust is located in Merrill, WI. The organization was established in 1969. 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. Gruett Scholarship 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, Gruett Scholarship Trust generated $27.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $9.5k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP FOR CHRISTIAN EDUCATOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Gustafson Pastor | 1 | $0 | |
Richard Stine President | 1 | $0 | |
Scott Johnson School Principa | 1 | $0 | |
Bob Grunenwald Secretary | 1 | $0 | |
Jean Gleich Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $916 |
| Capital Gain Net Income | $916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,035 |
| Total Revenue | $26,951 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $9,500 |
| Total expenses and disbursements | $9,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| 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 | $296,890 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $296,915 |
| 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 | $25 |
| Total liabilities | $25 |
Grants Awarded
Over the last fiscal year, Gruett Scholarship Trust has awarded $9,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CALEB GUSTAFSON PURPOSE: SCHOLARSHIP | $2,500 |
CALEB GUSTAFSON PURPOSE: SCHOLARSHIP | $2,500 |
JOSHUA GUSTAFSON PURPOSE: SCHOLARSHIP | $1,500 |
JOSHUA GUSTAFSON PURPOSE: SCHOLARSHIP | $1,500 |
MOLLY DUGINSKI PURPOSE: SCHOLARSHIP | $1,500 |