Clarence & Cornelia Ludden Scholarship Trust
- Assets
- $286.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynden, WA
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 91-6319099
Organization Overview
Clarence & Cornelia Ludden Scholarship Trust is located in Lynden, WA. The organization was established in 1991. 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. Clarence & Cornelia Ludden 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, Clarence & Cornelia Ludden Scholarship Trust generated $14.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $16.1k during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS AWARDED TO 12 GRADUATING SENIORS OF LYNDEN HIGH SCHOOL AND LYNDEN CHRISTIAN HIGH SCHOOL TO PURSUE 4 YEAR, 2 YEAR AND TECHNICAL SCHOOL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherm Polinder Trustee | 1 | $0 | |
Randy Bode Trustee | 1 | $0 | |
Joann Roorda Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,456 |
| Gain or Loss | $5,498 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,954 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,065 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57 |
| Total expenses | $16,122 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $286,499 |
| Other assets | $0 |
| Total assets | $286,499 |
| Total liabilities | $0 |
| Net assets or fund balances | $286,499 |