Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch
- Assets
- $351.1k
- Revenue
- $30.1k
- Investments
- $263.8k
- Employees
- 0
- Location
- Marengo, IA
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 42-1187973
Organization Overview
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch is located in Marengo, IA. The organization was established in 1984. 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. Rex & Christine Bishop Perpetual Schlshp Fd For IA Valley Cmty Sch 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 12/2022, Rex & Christine Bishop Perpetual Schlshp Fd For IA Valley Cmty Sch generated $30.1k 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 (7.3%) each year. All expenses for the organization totaled $76.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rex & Christine Bishop Perpetual Schlshp Fd For IA Valley Cmty Sch has awarded 48 individual grants totaling $203,269. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION, AS DISCLOSED BY ITS FORM 990-PF,HAS VERY MINIMAL ADMINISTRATION EXPENSES. THE TRUSTEE IS PAID ON AN HOURLY BASIS FOR HER TIME EXPENDED ON BEHALF OF THE TRUST OR SCHOLARSHIP FUND AND THE PROFESSIONAL FEE CHARGED IS BASICALLY FOR THE PREPARATION OF THE FORM 990-PF, WHICH FEE IS ALSO BASED ON AN HOURLY RATE.
AS SHOWN IN PART XV OF THIS FORM, 19 INDIVIDUAL BENEFICIARIES RECEIVED TUITION SCHOLARSHIP FUNDS FROM THIS ORGANIZATION AND 1 GOVERNMENTAL ENTITY RECEIVED FUNDS FOR CLASROOM IMPROVEMENTS. ALL ADMINISTRATIVE EXPENSE INCURRED DEALT WITH THE PAYMENT OF SAID TUITION SCHOLARSHIPS, GOVERNMENTAL GRANT PAYMENTS AND THE COLLECTION OF INCOME FROM THE ASSETS OF THE ORGANIZATION WHICH ARE SUMMARIZED HEREIN.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66 |
| Dividends & Interest | $47,156 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,088 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $806 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $625 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $8 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,534 |
| Contributions, gifts, grants paid | $74,120 |
| Total expenses and disbursements | $76,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,344 |
| 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 | $351,095 |
| 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, Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch has awarded $74,120 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
MEGAN PLOTZ PURPOSE: TUITION | $2,600 |
ADDISYN ROGGENTIEN PURPOSE: TUITION | $5,200 |
RONAN PEACH PURPOSE: TUITION | $4,356 |
MADELINE SHADE PURPOSE: TUITION | $4,356 |
JADEN SMITH PURPOSE: TUITION | $8,711 |
PAIGE VANBERKUM PURPOSE: TUITION | $4,356 |