Elmer O & Ida Preston Educational Trust
- Assets
- $2.2m
- Revenue
- $337.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 07/1960
- Data as of
- 12/2021
- EIN
- 42-6053621
Organization Overview
Elmer O & Ida Preston Educational Trust is located in Des Moines, IA. The organization was established in 1960. 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. Elmer O & Ida Preston Educational 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, Elmer O & Ida Preston Educational Trust generated $337.6k in total revenue. All expenses for the organization totaled $200.6k during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 4 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 2019, Elmer O & Ida Preston Educational Trust has awarded 99 individual grants totaling $372,250. 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.
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 |
|---|---|---|---|
David Jw Proctor Trustee | 2 | $28,000 | |
Christopher Van Vleet Trustee | 1 | $5,000 | |
Caroline Bettis Trustee | 1 | $5,000 | |
Monica L Morgan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,492 |
| Dividends & Interest | $55,862 |
| Net Rental Income | -$1 |
| Net Gain on Sale of Assets | $276,590 |
| Capital Gain Net Income | $276,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,699 |
| Total Revenue | $337,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,355 |
| Total operating and administrative expenses | $61,059 |
| Contributions, gifts, grants paid | $139,500 |
| Total expenses and disbursements | $200,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,800 |
| Savings and temporary cash investments | $35,778 |
| 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 | $244,275 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $683,567 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,200,215 |
| Accounts payable and accrued expenses | $74,500 |
| 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 | $74,500 |
Grants Awarded
Over the last fiscal year, Elmer O & Ida Preston Educational Trust has awarded $139,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
LEONARDO LAZARINI PURPOSE: GRANT FOR POST-HIGH SCHOOL EDUCATION | $8,000 |
JUSTIN LUNDBERG PURPOSE: GRANT FOR POST-HIGH SCHOOL EDUCATION | $8,000 |
LISA ROBISON PURPOSE: GRANT FOR POST-HIGH SCHOOL EDUCATION | $7,500 |
SUSHMA MADANU PURPOSE: GRANT FOR POST-HIGH SCHOOL EDUCATION | $6,000 |
SETH THOMPSON PURPOSE: GRANT FOR POST-HIGH SCHOOL EDUCATION | $6,000 |
RUFUS DAHN PURPOSE: GRANT FOR POST-HIGH SCHOOL EDUCATION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |