Edward J Schwartz Perpetual Educational Tr Fund
- Assets
- $716.6k
- Revenue
- $23.1k
- Investments
- $673.1k
- Employees
- 0
- Location
- Ottumwa, IA
- Founding
- 06/1992
- Data as of
- 02/2023
- EIN
- 42-6476116
Organization Overview
Edward J Schwartz Perpetual Educational Tr Fund is located in Ottumwa, IA. The organization was established in 1992. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Edward J Schwartz Perpetual Educational Tr 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 02/2023, Edward J Schwartz Perpetual Educational Tr Fund generated $23.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $34.4k during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Edward J Schwartz Perpetual Educational Tr Fund has awarded 28 individual grants totaling $217,261. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED UNDER TRUST GUIDELINES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $324 |
| Dividends & Interest | $14,244 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,438 |
| Capital Gain Net Income | $10,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,095 |
| Total Revenue | $23,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $652 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,446 |
| Contributions, gifts, grants paid | $32,993 |
| Total expenses and disbursements | $34,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,519 |
| 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 | $21,984 |
| 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 | $716,640 |
| 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, Edward J Schwartz Perpetual Educational Tr Fund has awarded $32,993 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA PURPOSE: SCHOLARSHIPS | $3,000 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: SCHOLARSHIPS | $4,500 |
INDIAN HILLS COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $16,493 |
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $9,000 |