Frank D Lillie Scholarship Trust
- Assets
- $1.4m
- Revenue
- $65.4k
- Investments
- $1.4m
- Employees
- 0
- Location
- Grimes, IA
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 87-6260923
Organization Overview
Frank D Lillie Scholarship Trust is located in Grimes, 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 12/2022, Frank D Lillie Scholarship Trust generated $65.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $122.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frank D Lillie Scholarship Trust has awarded 42 individual grants totaling $242,099. 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 | $29,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,895 |
| Capital Gain Net Income | $35,895 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,418 |
| 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 | $6,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $469 |
| Total operating and administrative expenses | $48,086 |
| Contributions, gifts, grants paid | $74,799 |
| Total expenses and disbursements | $122,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,530 |
| Savings and temporary cash investments | $13,430 |
| 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 | $924,284 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,444,188 |
| 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 $74,799 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH EVANS PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
ZANE KOLOSIK PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
ALYVIA FULLER PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
JACLYN KLEVE PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
SELIA BECKER PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
CURTIS JOHNSON PURPOSE: CASH SCHOLARSHIP AWARD PAID DIRECTLY TO INSTITUTION | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |