Danny Schnepp Memorial Fund Trust
- Assets
- $2.9m
- Revenue
- $123.5k
- Investments
- $2.1m
- Employees
- 0
- Location
- Sidney, IA
- Founding
- 04/1984
- Data as of
- 12/2023
- EIN
- 42-6346310
Organization Overview
Danny Schnepp Memorial Fund Trust is located in Sidney, IA. The organization was established in 1984. 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. Danny Schnepp Memorial Fund 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, Danny Schnepp Memorial Fund Trust generated $123.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $14.1k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INTEREST LOANS TO STUDENTS WHO ARE RESIDENTS OF FREMONT COUNTY, IOWA, FOR HIGHER EDUCATIONAL PUPROSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Johnson Trustee | 0 | $2,500 | |
James Anderzhon Trustee | 0 | $2,500 | |
Sandra Bengtson Trustee | 0 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,166 |
| Dividends & Interest | $64,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,810 |
| Capital Gain Net Income | $14,854 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $132 |
| Total operating and administrative expenses | $14,141 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $14,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,717 |
| Savings and temporary cash investments | $2,440 |
| 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 | $658,959 |
| 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 | $2,863,884 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $593,836 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $593,836 |