Belmond-Klemme Scholarship Fdn-Ii
- Assets
- $2.4m
- Revenue
- $133.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Belmond, IA
- Founding
- 11/2000
- Data as of
- 12/2023
- EIN
- 42-1510338
Organization Overview
Belmond-Klemme Scholarship Fdn-Ii is located in Belmond, IA. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmond-Klemme Scholarship Fdn-Ii 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, Belmond-Klemme Scholarship Fdn-Ii generated $133.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $19.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO AWARD SCHOLARSHIPS TO ALL QUALIFIED GRADUATES OF BELMOND-KLEMME HIGH SCHOOL WHO FURTHER THEIR EDUCATION AT AN ACCREDITED POST-SECONDARY INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A) SCHOLARSHIP AWARDS PAID IN 2023 TOTALED $18,800. THESE AWARDS BENEFITED 38 GRADUATES OF BELMOND-KLEMME HIGH SCHOOL. B) AWARDS WERE PAID TO: 1 GRADUATE IN THE CLASS OF 2020 AT $300; 4 RECIPIENTS IN THE CLASS OF 2021 AT $500 EACH; AND 33 GRADUATES IN THE CLASS OF 2022 AT $500 PER RECIPIENT. C) GRADUATES REMAIN ELIGIBLE INDEFINITELY TO RECEIVE THE AWARD DESIGNATED FOR THEIR RESPECTIVE CLASS. THEY ARE NOT REQUIRED TO CLAIM THE AWARD BY THE END OF THEIR FIRST TERM OR THEIR FIRST ACADEMIC YEAR AFTER THEY GRADUATE FROM HIGH SCHOOL. D) THE GRADUATES ARE, HOWEVER, REQUIRED TO SUCCESSFULLY COMPLETE AT LEAST 9 SEMESTER / CREDIT HOURS OF POST-SECONDARY EDUCATION BEFORE BEING PAID THE SCHOLARSHIP AWARD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Christianson Director | Trustee | 0.1 | $0 |
Amy Mcdaniel Director | Trustee | 0.3 | $0 |
Larry Pals Director | Trustee | 0.1 | $0 |
Dirk Van Der Linden Director | Trustee | 0.3 | $0 |
Linzie Morris Director | Trustee | 0.4 | $0 |
Lewis Schaal President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,016 |
| Noncash contributions included in lines 1a–1f | $6,461 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,016 |
| Total Program Service Revenue | $0 |
| Investment income | $45,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5 |
| Advertising and promotion | $0 |
| Office expenses | $215 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $319 |
| Total functional expenses | $19,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114 |
| Savings and temporary cash investments | $22,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,395,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,418,203 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,418,203 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,418,203 |