Hurst-Sorenson Memorial Fund
- Assets
- $1.1m
- Revenue
- $71.6k
- Investments
- $1.0m
- Employees
- 0
- Location
- Stanford, MT
- Founding
- 09/1978
- Data as of
- 03/2024
- EIN
- 81-0372356
Organization Overview
Hurst-Sorenson Memorial Fund is located in Stanford, MT. The organization was established in 1978. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hurst-Sorenson Memorial Fund 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 03/2024, Hurst-Sorenson Memorial Fund generated $71.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $56.6k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hurst-Sorenson Memorial Fund has awarded 83 individual grants totaling $232,629. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Powell Becker Trustee | 0 | $0 | |
Timothy Dolphay Trustee | 0 | $0 | |
Presbyterian Church Minister Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $21,837 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,354 |
| Capital Gain Net Income | $28,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,386 |
| Total Revenue | $71,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $26 |
| Other expenses | $19 |
| Total operating and administrative expenses | $7,077 |
| Contributions, gifts, grants paid | $49,540 |
| Total expenses and disbursements | $56,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,246 |
| 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 | $1,051,260 |
| 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, Hurst-Sorenson Memorial Fund has awarded $49,540 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MSU-BOZEMAN PURPOSE: SCHOLARSHIPS | $5,217 |
BYU PURPOSE: SCHOLARSHIPS | $5,217 |
CITY COLLEGE-MSU BILLINGS PURPOSE: SCHOLARSHIPS | $4,767 |
ROCKY MOUNTAIN COLLEGE PURPOSE: SCHOLARSHIPS | $7,837 |
U OF M-WESTERN PURPOSE: SCHOLARSHIPS | $5,217 |
HIGHLANDS COLLEGE-MT TECH PURPOSE: SCHOLARSHIPS | $2,377 |