Specht Educational Tr
- Assets
- $1.1m
- Revenue
- $25.5k
- Investments
- $367.2k
- Employees
- 0
- Location
- Cherokee, IA
- Founding
- Data as of
- 12/2022
- EIN
- 85-6577227
Organization Overview
Specht Educational Tr is located in Cherokee, IA. 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. Specht Educational Tr 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, Specht Educational Tr generated $25.5k in total revenue. All expenses for the organization totaled $13.3k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS THE SECOND YEAR FOR THE TRUST. DISTRIBUTIONS WERE MADE TOTALING $3,000, THAT BEING TWO SCHOLARSHIPS OF $1,500 EACH. THE TRUST IS ORGANIZED FOR CHARITBLE AND EDUACATIONAL PURPOSES TO DISTRIBUTE SCHOLARSHIPS TO STUDENTS IN CHEROKEE COUNTY IOWA WITH A PREFERENCE FOR VETERAN FAMILY MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $0 | |
Name Not Listed Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $249 |
| Dividends & Interest | $7,459 |
| Net Rental Income | $11,089 |
| Net Gain on Sale of Assets | $6,719 |
| Capital Gain Net Income | $6,719 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $10 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,274 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $13,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,769 |
| 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 | $336,125 |
| Other assets | $367,177 |
| Total assets | $1,130,248 |
| 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, Specht Educational Tr has awarded $3,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RAYANN PATTERSON PURPOSE: EDUCATION SCHOLARSHIP | $1,500 |
ARIKA HAMMOND PURPOSE: EDUCATION SCHOLARSHIP | $1,500 |