L Kent Culbertson Educational Trust
- Assets
- $60.9k
- Revenue
- $4.4k
- Investments
- $58.2k
- Employees
- 0
- Location
- Phillipsburg, KS
- Founding
- 03/1980
- Data as of
- 12/2021
- EIN
- 48-0894759
Organization Overview
L Kent Culbertson Educational Trust is located in Phillipsburg, KS. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. L Kent Culbertson 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 12/2021, L Kent Culbertson Educational Trust generated $4.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $3.5k during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PAYMENT TO 1 UNIVERSITY FOR 2 STUDENTS SELECTED UNDER APPLICATION PROCESS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $823 |
| Dividends & Interest | $1,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,381 |
| Capital Gain Net Income | $2,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $509 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $3,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368 |
| Savings and temporary cash investments | $2,294 |
| 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 | $58,206 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $60,868 |
| 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, L Kent Culbertson Educational Trust has awarded $6,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS UNIVERSITY PURPOSE: SCHOLARSHIP FOR 1 STUDENT. | $2,000 |
KANSAS UNIVERSITY PURPOSE: SCHOLARSHIP FOR 1 STUDENT. | $2,000 |
Hays, KS PURPOSE: SCHOLARSHIP FOR 1 STUDENT. | $1,100 |
Hays, KS PURPOSE: SCHOLARSHIP FOR 1 STUDENT. | $1,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Colorado State University-Pueblo Foundation Pueblo, CO | $68,008,177 | $8,127,637 |
Pittsburg State University Foundation Inc Pittsburg, KS | $127,952,768 | $13,650,196 |
University Of Central Missouri Foundation Warrensburg, MO | $77,602,876 | $17,903,644 |
K-State Olathe Innovation Campus Inc Olathe, KS | $45,049,185 | $10,222,325 |
Nebraska Defense Research Corporation Lincoln, NE | $12,097,402 | $14,649,208 |
Denver Public Library Friends Foundation Denver, CO | $13,953,540 | $6,255,598 |
Colorado Mountain College Foundation Inc Glenwood Springs, CO | $24,720,548 | $6,420,205 |
Southeast Missouri University Cape Girardeau, MO | $149,847,955 | $13,172,910 |
Kansas City Metropolitan Community Colleges Building Corporation Kansas City, MO | $76,627,089 | $5,759,935 |
Omaha Schools Foundation Omaha, NE | $37,386,550 | $8,451,839 |