Donald W Porter &rosie L Porter Scholarship Tr
- Assets
- $88.1k
- Revenue
- $2.0k
- Investments
- $84.9k
- Employees
- 0
- Location
- Cedar Falls, IA
- Founding
- 12/2002
- Data as of
- 06/2024
- EIN
- 47-6235841
Organization Overview
Donald W Porter &rosie L Porter Scholarship Tr is located in Cedar Falls, IA. The organization was established in 2002. 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 W Porter &rosie L Porter Scholarship Tr 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, Donald W Porter &rosie L Porter Scholarship Tr generated $2.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.4k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP TO A HIGH SCHOOL GRADUATE OF GLADBROOK-REINBECK COMMUNITY SCHOOL WHO ATTENDS AN ACCREDITED COLLEGE OR TECHNICAL SCHOOL.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $183 |
| Dividends & Interest | $1,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,512 |
| Contributions, gifts, grants paid | $900 |
| Total expenses and disbursements | $3,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,144 |
| Savings and temporary cash investments | $0 |
| 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 | $88,058 |
| 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 W Porter &rosie L Porter Scholarship Tr has awarded $900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLYN MOORE PURPOSE: EDUCATION | $350 |
WILLIAM KIBURIS PURPOSE: EDUCATION | $350 |
MAIA MCLEAN PURPOSE: EDUCATION | $100 |
AIDEN WYATT PURPOSE: EDUCATION | $100 |