Salgo Trust For Education
- Assets
- $3.6m
- Revenue
- $235.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 10/1991
- Data as of
- 04/2024
- EIN
- 48-1101260
Organization Overview
Salgo Trust For Education is located in Wichita, KS. The organization was established in 1991. 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. Salgo Trust For Education 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 04/2024, Salgo Trust For Education generated $235.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $885.7k during the year ending 04/2024. 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
N/A
N/A
N/A
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $215,581 |
| Dividends & Interest | $98,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$78,380 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $33,300 |
| Pension plans, employee benefits | $3,708 |
| Interest | $711 |
| Taxes | $0 |
| Depreciation | $1,021 |
| Occupancy | $77,967 |
| Travel, conferences, and meetings | $34,544 |
| Printing and publications | $0 |
| Other expenses | $85,052 |
| Total operating and administrative expenses | $386,194 |
| Contributions, gifts, grants paid | $499,500 |
| Total expenses and disbursements | $885,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,105 |
| 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 | $8,000 |
| Net Investments - land, buildings, equipment | $7,236 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,751,606 |
| Net Land, buildings, and equipment | $2,025 |
| Other assets | $1,747,825 |
| Total assets | $3,561,797 |
| Accounts payable and accrued expenses | $600 |
| 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 | $600 |
Grants Awarded
Over the last fiscal year, Salgo Trust For Education has awarded $499,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY FOUNDATION PURPOSE: EUROPEAN ART ENDOWMENT | $150,000 |
RUTGERS UNIVERSITY FOUNDATION PURPOSE: SEVENTEEN PAINTINGS DONATED TO ZIMMERLI MUSEUM AT RUTGERS UNIVERSITY | $349,500 |