Burrows Memorial Trust
- Assets
- $239.0k
- Revenue
- $10.7k
- Investments
- $237.6k
- Employees
- 0
- Location
- Wilton, IA
- Founding
- 10/1967
- Data as of
- 03/2024
- EIN
- 42-6097247
Organization Overview
Burrows Memorial Trust is located in Wilton, IA. The organization was established in 1967. 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. Burrows Memorial 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 03/2024, Burrows Memorial Trust generated $10.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $14.9k during the year ending 03/2024. While expenses have increased by 5.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO WILTON, IOWA STUDENTS WHO HAVE THE DESIRE AND ABILITY TO FINISH THEIR HIGHER EDUCATION. SCHOLARSHIPS ARE PROVIDED ON AN ANNUAL BASIS. DURING 2022, SCHOLARSHIPS WERE AWARDED TO 32 APPLICANTS TOTALING 10100.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Norton Treasurer | 0 | $0 | |
Debbie Taylor Secretary | 0 | $0 | |
Tom Meine Chairman | 0 | $0 | |
Mark Knouse Vice Chairma | 0 | $0 | |
Paul Drumm Director | 0 | $0 | |
Doug Hora Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $11,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$472 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5 |
| Taxes | $1,230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $206 |
| Total operating and administrative expenses | $1,881 |
| Contributions, gifts, grants paid | $12,975 |
| Total expenses and disbursements | $14,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $870 |
| Savings and temporary cash investments | $541 |
| 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 | $238,997 |
| 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, Burrows Memorial Trust has awarded $12,975 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
JACOB REIFERT PURPOSE: APPLY TO COST OF HIGHER EDUCATION | $275 |
JOSHUA HUNTER PURPOSE: APPLY TO COST OF HIGHER EDUCATION | $275 |
ANSLEY BOORN PURPOSE: TO APPLY TO COST OF HIGHER EDUCATION | $275 |
KAEL BRISKER PURPOSE: TO APPLY TO COST OF HIGHER EDUCATION | $275 |
TESSA BARTEL PURPOSE: TO APPLY TO COST OF HIGHER EDUCATION | $275 |
MADELYN WADE PURPOSE: TO APPLY TO COST OF HIGHER EDUCATION | $275 |