William R & Hettie M Gapen Educational Foundation Trust
- Assets
- $139.2k
- Revenue
- $9.2k
- Investments
- $134.0k
- Employees
- 0
- Location
- Beloit, WI
- Founding
- 11/1975
- Data as of
- 05/2024
- EIN
- 39-6215247
Organization Overview
William R & Hettie M Gapen Educational Foundation Trust is located in Beloit, WI. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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.
For the year ending 05/2024, William R & Hettie M Gapen Educational Foundation Trust generated $9.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $12.6k during the year ending 05/2024. While expenses have increased by 5.2% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,834 |
| Capital Gain Net Income | $4,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,884 |
| Contributions, gifts, grants paid | $9,700 |
| Total expenses and disbursements | $12,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,186 |
| 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 | $133,998 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $139,184 |
| 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, William R & Hettie M Gapen Educational Foundation Trust has awarded $9,700 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JENNA BROWER PURPOSE: FURTHERANCE OF EDUCATION | $2,400 |
TAYLOR BROGE PURPOSE: FURTHERANCE OF EDUCATION | $2,400 |
MONROE HIGH SCHOOL MUSIC DEPARTMENT PURPOSE: ANY MANNER THE MUSIC | $4,900 |