Donald H & Elizabeth J Werling Scholarship Fund
- Assets
- $153.6k
- Revenue
- $6.9k
- Investments
- $133.8k
- Employees
- 0
- Location
- North Liberty, IA
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 42-6423052
Organization Overview
Donald H & Elizabeth J Werling Scholarship Fund is located in North Liberty, IA. The organization was established in 1990. 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. Donald H & Elizabeth J Werling Scholarship Fund 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, Donald H & Elizabeth J Werling Scholarship Fund generated $6.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $12.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,449 |
| Capital Gain Net Income | $1,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57 |
| Total Revenue | $6,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,448 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,374 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $12,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,786 |
| 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 | $153,578 |
| 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, Donald H & Elizabeth J Werling Scholarship Fund has awarded $4,888 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA FBO ALYSSA ARMSTRONG PURPOSE: SCHOLARSHIP | $222 |
IOWA STATE UNIVERSITY FBO KODY WALLICK PURPOSE: SCHOLARSHIP | $1,000 |
IOWA STATE UNIVERSITY FBO KEATON MOHR PURPOSE: SCHOLARSHIP | $1,222 |
IOWA STATE UNIVERSITY FBO ADAM HEIN PURPOSE: SCHOLARSHIP | $1,222 |
UNIVERSITY OF NORTHERN IOWA FBO SARAH BECKER PURPOSE: SCHOLARSHIP | $1,222 |