John Newquist Educational Foundation
- Assets
- $1.7m
- Revenue
- $56.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- ONeill, NE
- Founding
- Data as of
- 12/2023
- EIN
- 83-2599246
Organization Overview
John Newquist Educational Foundation is located in ONeill, NE. 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. John Newquist Educational Foundation 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, John Newquist Educational Foundation generated $56.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $84.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane M Reiman Trustee | 5 | $11,000 | |
Lawrence A Reiman Trustee | 0.5 | $300 | |
Jack Reiman Trustee | 0.5 | $400 | |
Jesse Reiman Trustee | 0.5 | $300 | |
Jacob Reiman Trustee | 0.5 | $300 | |
Leah J Chohon Trustee | 0.5 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $268 |
| Dividends & Interest | $35,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,955 |
| Capital Gain Net Income | $22,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $885 |
| Other expenses | $2,739 |
| Total operating and administrative expenses | $18,104 |
| Contributions, gifts, grants paid | $66,625 |
| Total expenses and disbursements | $84,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,945 |
| 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 | $1,628,267 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,662,533 |
| 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 |