Hots Springs County School District No 1 Education Endowment
- Assets
- $2.4m
- Revenue
- $136.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Thermopolis, WY
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 83-0296844
Organization Overview
Hots Springs County School District No 1 Education Endowment is located in Thermopolis, WY. The organization was established in 1992. 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. Hots Springs County School District No 1 Education Endowment 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, Hots Springs County School District No 1 Education Endowment generated $136.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $172.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE FOR ALL AGES IN FURTHERING THEIR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO STUDENTS OF ALL AGES TO FURTHER THEIR EDUCATION. ALSO ASSIST THE COMMUNITY FOR OTHER EDUCATIONAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacky Wright Chairman | OfficerTrustee | $0 | |
Dana Mcdermott Vice Chairma | OfficerTrustee | $0 | |
Dave Koerwitz Board Member | OfficerTrustee | $0 | |
Margaret Stansill Board Member | Trustee | $0 | |
Karen Sinclair Board Member | Trustee | $0 | |
Pam Kerr Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,920 |
| Total Program Service Revenue | $0 |
| Investment income | $47,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,377 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,900 |
| Grants and other assistance to domestic individuals. | $92,631 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,955 |
| Fees for services: Other | $0 |
| Advertising and promotion | $270 |
| Office expenses | $1,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $172,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,559 |
| Savings and temporary cash investments | $59,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,332,134 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,417,365 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,309,584 |
| Net assets with donor restrictions | $107,781 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,417,365 |
Grants Awarded
Over the last fiscal year, Hots Springs County School District No 1 Education Endowment has awarded $30,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HSC SCHOOL DISTRICT 1 PURPOSE: LOCAL ASSISTANCE | $24,950 |
GRANTS GIVEN UNDER 5000 PURPOSE: LOCAL ASSISTANCE | $5,950 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hots Springs County School District No 1 Education Endowment has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,000 |
Endowment Analysis
| Beg. Balance | $2,342,237 |
| Earnings | $231,878 |
| Admin Expense | $43,977 |
| Net Contributions | $15,920 |
| Other Expense | $5,162 |
| Grants | $123,531 |
| Ending Balance | $2,417,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |