Daisy L Burchfield Trust
- Assets
- $867.3k
- Revenue
- $15.0k
- Investments
- $159.4k
- Employees
- 0
- Location
- Panora, IA
- Founding
- 04/1985
- Data as of
- 12/2022
- EIN
- 42-6359761
Organization Overview
Daisy L Burchfield Trust is located in Panora, IA. The organization was established in 1985. 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. Daisy L Burchfield 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 12/2022, Daisy L Burchfield Trust generated $15.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $9.1k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL LOANS MADE TO GRADUATES OF PANORAMA HIGH SCHOOL OF PANORA, IA FOR POST SECONDARY EDUCATIONAL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bump Attorney Trustee | 2 | $4,228 | |
John Millhollin Trustee | 1.75 | $3,775 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,133 |
| Dividends & Interest | $10,962 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,867 |
| Total Revenue | $14,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,003 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83 |
| Depreciation | $0 |
| Occupancy | $13 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $96 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,095 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $390,656 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $317,306 |
| 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 | $159,353 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $867,315 |
| 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 | $317,306 |
| Total liabilities | $317,306 |