Emma L Schroppel Trust Uw Farmers & Merchants State Bk Ttee
- Assets
- $518.5k
- Revenue
- $55.4k
- Investments
- $485.6k
- Employees
- 0
- Location
- Winterset, IA
- Founding
- 08/1980
- Data as of
- 06/2024
- EIN
- 42-6313654
Organization Overview
Emma L Schroppel Trust Uw Farmers & Merchants State Bk Ttee is located in Winterset, IA. The organization was established in 1980. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Emma L Schroppel Trust Uw Farmers & Merchants State Bk Ttee 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 06/2024, Emma L Schroppel Trust Uw Farmers & Merchants State Bk Ttee generated $55.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $66.2k during the year ending 06/2024. While expenses have increased by 0.9% per year over the past 5 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
UNDER WILL OF EMMA L. SCHROPPEL, NET INCOME FROM TRUST IS ANNUALLY USED, FIRST, TO PROVIDE FOR CARE, MAINTENANCE AND SUCH IMPROVEMENTS AS ARE REASONABLE AND NECESSARY TO MAINTAIN OLD PART OF BLAIR CHAPEL CEMETERY; SECOND, TO PROVIDE FOR PROPER MAINTENANCE AND CARE OF UNITED BRETHERN BLAIR CHAPEL CHURCH; THIRD, TO APPLY BALANCE OF ANY NET INCOME FROM TRUST TO MADISON COUNTY HISTORICAL SOCIETY WHICH OPERATES MADISON COUNTY'S HISTORICAL MUSEUM.INFORMATION REQUESTED IN PART IX-A IS NOT APPLICABLE TO THIS TRUST, SINCE ALL INCOME FROM TRUST IS APPLIED IN ORDER FOR ABOVE PURPOSES, ALL ARE APPROPRIATE CHARITIES, AND NO INCOME GOES FOR SUCH DISCRETIONARY ACTIVITIES AS CONFERENCES, RESEARCH PAPERS, ETC. SPECIFIC DISBURSEMENTS FOR THIS YEAR ARE SHOWN IN THE ANNUAL REPORT FILED WITH THE MADISON COUNTY DISTRICT COURT, COPY OF WHICH IS ATTACHED AND INCORPORATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farmers Merchants State Bank Trustee | 1 | $5,259 | |
G Stephen Walters Trustee | 1 | $5,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $267 |
| Dividends & Interest | $42,611 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,566 |
| Capital Gain Net Income | $12,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,518 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $14 |
| Taxes | $567 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $210 |
| Total operating and administrative expenses | $11,809 |
| Contributions, gifts, grants paid | $54,436 |
| Total expenses and disbursements | $66,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,857 |
| 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 | $518,489 |
| 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, Emma L Schroppel Trust Uw Farmers & Merchants State Bk Ttee has awarded $54,436 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLAIR CHAPEL CHURCH BUILDING PURPOSE: REPAIRS, MAINTENANCE, WEED & BRUSH CONTROL | $24,850 |
MADISON COUNTY HISTORICAL SOC PURPOSE: ORGANIZATION USED FOR HISTORICAL MUSEUM MAINTENANCE & OPERATION | $29,586 |