W D & Shirley Schafer-Ray Educational Trust
- Assets
- $6.4m
- Revenue
- $163.3k
- Investments
- $6.3m
- Employees
- 0
- Location
- Creston, IA
- Founding
- Data as of
- 12/2022
- EIN
- 86-6589915
Organization Overview
W D & Shirley Schafer-Ray Educational Trust is located in Creston, 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. W D & Shirley Schafer-Ray Educational Trust 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, W D & Shirley Schafer-Ray Educational Trust generated $163.3k in total revenue. All expenses for the organization totaled $277.7k 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
PROVIDING EDUCATIONAL GRANTS TO NON-PROFIT PRIVATE AND PUBLIC UNIVERSITIES.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,140 |
| Interest on Savings | $3,404 |
| Dividends & Interest | $134,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140 |
| Total operating and administrative expenses | $99,700 |
| Contributions, gifts, grants paid | $178,000 |
| Total expenses and disbursements | $277,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $81,347 |
| 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 | $335,596 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,364,259 |
| 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, W D & Shirley Schafer-Ray Educational Trust has awarded $178,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MEMPHIS PURPOSE: EDUCATION OF THE LEARNING DISABLED | $16,800 |
SOUTHWESTERN COMMUNITY COLLEGE PURPOSE: 2022-2023 SCHOLARSHIP | $73,950 |
DRAKE UNIVERSITY PURPOSE: SPRING 2023 SCHOLARSHIP | $6,750 |
SIMPSON COLLEGE PURPOSE: 2022-2023 SCHOLARSHIP | $10,000 |
IOWA STATE UNIVERSITY PURPOSE: 2022-2023 SCHOLARSHIP | $25,750 |
OKLAHOMA STATE UNIVERSITY PURPOSE: 2022-2023 SCHOLARSHIP | $9,000 |