The Dred And Lula Finnell Trust
- Assets
- $2.6m
- Revenue
- $85.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Keytesville, MO
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 43-1589370
Organization Overview
The Dred And Lula Finnell Trust is located in Keytesville, MO. The organization was established in 1996. 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. Dred And Lula Finnell 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 12/2021, Dred And Lula Finnell Trust generated $85.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $130.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dred And Lula Finnell Trust has awarded 27 individual grants totaling $632,880. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS - LIST ATTACHED
KEYTESVILLE R-3 SCHOOL - GRANTS FOR PRE-SCHOOL EXPENSES AND NEW GYM FLOOR
CITY OF KEYTESVILLE - GRANTS FOR TAYLOR PARK NATURE TRAIL AND FIRE DEPT. EQUIPMENT
KEYTESVILLE LIBRARY ASSOCIATION - COMPUTERS, PRINTERS AND RELATED EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Bentley Co-Trustee | 2 | $7,676 | |
George Schupback Co-Trustee | 0.5 | $2,950 | |
Janet Weaver Director | 1 | $1,250 | |
Kessie Friesz Director | 0.2 | $600 | |
Bonnie Mutert Director | 0.2 | $550 | |
Larry Peters Director | 0.2 | $550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $85,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $106,879 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,626 |
| 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 | $2,865 |
| Total operating and administrative expenses | $30,194 |
| Contributions, gifts, grants paid | $100,667 |
| Total expenses and disbursements | $130,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $448,484 |
| 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 | $250,003 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,554,966 |
| 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, The Dred And Lula Finnell Trust has awarded $100,667 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KEYTESVILLE R-3 SCHOOL PURPOSE: GRANTS FOR PRE-SCHOOL ANDGYM FLOOR | $38,000 |
SCHEDULE ATTACHED OF GRANTS PURPOSE: COLLEGE GRANTS | $33,000 |
CITY OF KEYTESVILLE PURPOSE: GRANTS FOR TAYLOR PARKTRAIL AND FIRE DEPT EQUIPMENT | $24,999 |
Keytesville, MO PURPOSE: GRANT FOR COMPUTERS,PRINTERS & RELATEDEQUIPMENT | $3,270 |
CHARITON COUNTY HEALTH SERVICES PURPOSE: GRANT FOR SHELVINGAND STORAGE | $724 |
CHARITON COUNTY EXTENSION PURPOSE: GRANT FOR OFFICEIMPROVEMENTS | $674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |