Jepsen Educational Trust
- Assets
- $106.3k
- Revenue
- $4.4k
- Investments
- $92.2k
- Employees
- 0
- Location
- Storm Lake, IA
- Founding
- 12/1994
- Data as of
- 06/2024
- EIN
- 42-6507732
Organization Overview
Jepsen Educational Trust is located in Storm Lake, IA. The organization was established in 1994. 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. Jepsen Educational 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 06/2024, Jepsen Educational Trust generated $4.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $7.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $392 |
| Dividends & Interest | $3,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $522 |
| Capital Gain Net Income | $522 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,562 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,653 |
| Contributions, gifts, grants paid | $3,960 |
| Total expenses and disbursements | $7,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,124 |
| 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 | $106,317 |
| 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, Jepsen Educational Trust has awarded $3,960 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GABRIEL CHANCE PURPOSE: EDUCATION | $660 |
CAYDEN CLAUSEN PURPOSE: EDUCATION | $660 |
MATTHEW FORRISTAL PURPOSE: EDUCATION | $660 |
KINZIE HAGEN PURPOSE: EDUCATION | $660 |
TAYA PHILLIPS PURPOSE: EDUCATION | $660 |
NOAH SHEPHERD PURPOSE: EDUCATION | $660 |