Frank D Lillie Scholarship Trust
- Assets
- $1.4m
- Revenue
- $15.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Ogden, IA
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 87-6260923
Organization Overview
Frank D Lillie Scholarship Trust is located in Ogden, IA. The organization was established in 2005. 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. Frank D Lillie Scholarship 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 12/2023, Frank D Lillie Scholarship Trust generated $15.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $96.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frank D Lillie Scholarship Trust has awarded 52 individual grants totaling $295,099. 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 |
|---|---|---|---|
Dennis D Michener Trustee | 2 | $6,000 | |
Jerrid K Michener Trustee | 0.5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,748 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,586 |
| Total Revenue | $15,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $213 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $43,263 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $96,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,116 |
| Savings and temporary cash investments | $10,194 |
| 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 | $826,340 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,363,567 |
| 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, Frank D Lillie Scholarship Trust has awarded $53,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SASHA E MCCOY PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $11,000 |
ALIZABETH K OREY PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $10,000 |
KATHERINE G THOMPSON PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
JACOB BUTZ PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
CHARLIE J POPPENS PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
DAILYNN PHINNEY PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |