R L & Ethel Stubbs Scholarship Trust
- Assets
- $843.9k
- Revenue
- $47.2k
- Investments
- $794.2k
- Employees
- 0
- Location
- Sioux City, IA
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 42-1386035
Organization Overview
R L & Ethel Stubbs Scholarship Trust is located in Sioux City, IA. The organization was established in 1992. 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. R L & Ethel Stubbs 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, R L & Ethel Stubbs Scholarship Trust generated $47.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $69.3k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 8 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.
Since 2016, R L & Ethel Stubbs Scholarship Trust has awarded 91 individual grants totaling $347,635. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THE SCHOLARSHIP TRUST AWARDS SCHOLARSHIPS TO STUDENTS RESIDING IN THE GALVA HOLSTEIN COMMMUNITY SCHOOL DISTRICT FOR HIGHER EDUCATION. THE AMOUNT PAID IN 2023 FOR 2022 WAS 52,479. THE AMOUNT TO BE PAID IN 2024 FOR 2023 IS 51,540.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Wiebers Committee Me | 0 | $0 | |
Gary Jensen Committee Me | 0 | $0 | |
Josh Sussman Committee Me | 0 | $0 | |
Name Not Listed Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,473 |
| Dividends & Interest | $19,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,733 |
| Capital Gain Net Income | $25,733 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,048 |
| Total operating and administrative expenses | $16,806 |
| Contributions, gifts, grants paid | $52,479 |
| Total expenses and disbursements | $69,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,722 |
| Savings and temporary cash investments | $35,050 |
| 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 | $843,926 |
| 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, R L & Ethel Stubbs Scholarship Trust has awarded $52,479 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CADE HARRIMAN PURPOSE: COLLEGE SCHOLARSHIP | $4,998 |
BRADY CLAUSEN PURPOSE: COLLEGE SCHOLARSHIP | $4,998 |
JERZEY ENDRULAT PURPOSE: COLLEGE SCHOLARSHIP | $4,998 |
EMMA VOHS PURPOSE: COLLEGE SCHOLARSHIP | $4,998 |
GRACA GOETTSCH PURPOSE: COLLEGE SCHOLARSHIP | $4,998 |
VANESSA NEUMANN PURPOSE: COLLEGE SCHOLARSHIP | $4,998 |