Emil O Schultz Testamentary Trust
- Assets
- $408.8k
- Revenue
- $48.7k
- Investments
- $404.4k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 39-6372943
Organization Overview
Emil O Schultz Testamentary Trust is located in Milwaukee, WI. The organization was established in 2020. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Emil O Schultz Testamentary 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 12/2021, Emil O Schultz Testamentary Trust generated $48.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.7% each year . All expenses for the organization totaled $14.4k during the year ending 12/2021. 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 | $10,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,309 |
| Capital Gain Net Income | $38,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,247 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,058 |
| Contributions, gifts, grants paid | $6,364 |
| Total expenses and disbursements | $14,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,948 |
| 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 | $404,430 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $439 |
| Total assets | $408,817 |
| 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, Emil O Schultz Testamentary Trust has awarded $6,364 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MORNINGSIDE COLLEGE PURPOSE: GENERAL OPERATING | $3,182 |
CITY OF ELROY PURPOSE: GENERAL OPERATING | $3,182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Faith Baptist Bible College Ankeny, IA | $19,003,759 | $8,759,376 |
Emmaus Bible College Dubuque, IA | $12,932,939 | $8,386,656 |
Baker College Flint, MI | $15,732,306 | $4,978,817 |
Olivet Nazarene University Foundation Bourbonnais, IL | $189,458,744 | $9,125,280 |
Kuyper College Grand Rapids, MI | $13,506,417 | $6,841,093 |
Michigan Colleges Alliance Southfield, MI | $5,177,739 | $4,811,451 |
Northwestern Michigan College Foundation Traverse City, MI | $64,114,838 | $8,306,743 |
Mac Cormac College Inc Chicago, IL | $4,254,974 | $4,421,944 |
Trinity College Of Nursing & Health Sciences Rock Island, IL | $13,235,713 | $5,565,694 |
North Central Michigan College Foundation Petoskey, MI | $11,840,851 | $3,124,282 |
Great Lakes Bible College Lansing, MI | $3,326,303 | $3,193,047 |
Alexandria Technical & Community College Foundation Alexandria, MN | $13,218,584 | $3,479,052 |