Dick Paine Educational Trust
- Assets
- $308.9k
- Revenue
- $18.3k
- Investments
- $308.4k
- Employees
- 0
- Location
- Doland, SD
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 46-6109343
Organization Overview
Dick Paine Educational Trust is located in Doland, SD. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Dick Paine 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 12/2023, Dick Paine Educational Trust generated $18.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $17.5k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 0 | $0 | |
Garrett Schmidt Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,731 |
| Capital Gain Net Income | $11,731 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Total operating and administrative expenses | $1,441 |
| Contributions, gifts, grants paid | $16,100 |
| Total expenses and disbursements | $17,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $461 |
| 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 | $308,421 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $308,882 |
| 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, Dick Paine Educational Trust has awarded $16,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NSU FINANCIAL OFFICE PURPOSE: SCHOLARSHIP | $7,500 |
MNSU- MANKATO PURPOSE: SCHOLARSHIP | $3,000 |
BLACK HILLS STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $3,000 |
AUGUSTANA UNIVERSITY PURPOSE: SCHOLARSHIP | $2,600 |