Bernice E@peterson Scholarship Trust
- Assets
- $695.1k
- Revenue
- $11.7k
- Investments
- $694.9k
- Employees
- 0
- Location
- Algona, IA
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-7204491
Organization Overview
Bernice E@peterson Scholarship Trust is located in Algona, IA. The organization was established in 2016. 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. Bernice E@peterson Scholarship 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 12/2022, Bernice E@peterson Scholarship Trust generated $11.7k 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 (9.6%) each year. All expenses for the organization totaled $37.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS TO POCAHONTAS COMMUNITY SCHOOL DISTRICT GRADUATES FOR POST-SECONDARY EDUCATION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $14,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,062 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,714 |
| 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 | $6,023 |
| Total operating and administrative expenses | $7,283 |
| Contributions, gifts, grants paid | $30,300 |
| Total expenses and disbursements | $37,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199 |
| 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 | $695,123 |
| 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, Bernice E@peterson Scholarship Trust has awarded $30,300 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BUENA VISTA UNIVERSITY PURPOSE: SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $2,550 |
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $5,100 |
UNIVERSITY OF IOWA PURPOSE: SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $4,250 |
MORNINGSIDE COLLEGE PURPOSE: SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $1,700 |
IOWA CENTRAL COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $6,800 |
DES MOINES AREA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR POCAHONTAS AREA HIGH SCHOOL GRADUATES | $3,400 |