E A Hinderman Scholarship Memorial Inc
- Assets
- $1.1m
- Revenue
- $74.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Whitefish, MT
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 81-0392053
Organization Overview
E A Hinderman Scholarship Memorial Inc is located in Whitefish, MT. The organization was established in 1990. 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. E A Hinderman Scholarship Memorial Inc 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, E A Hinderman Scholarship Memorial Inc generated $74.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $70.1k during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 5 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.
Since 2018, E A Hinderman Scholarship Memorial Inc has awarded 120 individual grants totaling $318,540. 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 |
|---|---|---|---|
Frank Barnes President | 1 | $0 | |
Doug Reed Vice President | 0.5 | $0 | |
Heidi Haugen Secretary | 1 | $0 | |
Jennifer St Onge Treasurer | 1 | $0 | |
Mary Yeats Director | 0.5 | $0 | |
Josh Akey Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66 |
| Dividends & Interest | $46,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,970 |
| Capital Gain Net Income | $27,970 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $59 |
| Taxes | $2,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $388 |
| Total operating and administrative expenses | $8,061 |
| Contributions, gifts, grants paid | $62,000 |
| Total expenses and disbursements | $70,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,719 |
| Savings and temporary cash investments | $14,218 |
| 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 | $236,071 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,050,890 |
| 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, E A Hinderman Scholarship Memorial Inc has awarded $93,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
FVCCDASH SCHINDLER PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
FVCCSYDNEY GARCIA PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
MONTANA STATE UNIVERSITYFIN STAGG PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
UNIVERSITY OF MONTANAASHTON AKEY PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
MONTANA STATE UNIVERSITYASHLEY GUNS PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
MONTANA STATE UNIVERSITYLODEN CAHIL PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |