Heffel Memorial Scholarship Trust
- Assets
- $108.1k
- Revenue
- $8.2k
- Investments
- $106.1k
- Employees
- 0
- Location
- Monona, WI
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 74-6451982
Organization Overview
Heffel Memorial Scholarship Trust is located in Monona, WI. The organization was established in 1997. 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. Heffel Memorial 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 12/2023, Heffel Memorial Scholarship Trust generated $8.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Heffel Memorial Scholarship Trust has awarded 66 individual grants totaling $143,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Allen Nhs Representat | 0 | $0 | |
Aimee Swartwout Ehs Guidance Co | 0 | $0 | |
Kathi Swanson School Bd Presi | 0 | $0 | |
Steve Eager Committee Membe | 0 | $0 | |
Brooke Hintze Ehs School Committee Membe | 0 | $0 | |
Linda Gard Committee Membe | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,700 |
| Capital Gain Net Income | $5,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,121 |
| Contributions, gifts, grants paid | $3,750 |
| Total expenses and disbursements | $5,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,947 |
| 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 | $108,066 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $21,250 |
| Deferred revenue | $887 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,137 |
Grants Awarded
Over the last fiscal year, Heffel Memorial Scholarship Trust has awarded $3,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HANNAH JOHNSON PURPOSE: SCHOLARSHIP 2024 | $1,250 |
TUCKER PETERSON PURPOSE: SCHOLARSHIP 2024 | $1,250 |
WESTON LEEDER PURPOSE: SCHOLARSHIP 2024 | $1,250 |