Earl O Vits Memorial Trust
- Assets
- $701.5k
- Revenue
- $353.5k
- Investments
- $448.7k
- Employees
- 2
- Location
- Two Rivers, WI
- Founding
- 03/1981
- Data as of
- 12/2023
- EIN
- 93-0775732
Organization Overview
Earl O Vits Memorial Trust is located in Two Rivers, WI. The organization was established in 1981. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Earl O Vits Memorial Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earl O Vits Memorial 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, Earl O Vits Memorial Trust generated $353.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $129.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CAMPING OPPORTUNITIES IN CONJUNCTION WITH NATURE PROGRAMS FOR VARIOUS YOUTH AND ADULT GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPSITE RENTALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgia Kohlwey Advisor | Trustee | 2 | $0 |
Kenneth Riesterer Advisor | Trustee | 2 | $0 |
Kenneth Fricke Advisor | Trustee | 2 | $0 |
Name Not Listed Trustee (thru Apr 2023) | 1.5 | $2,150 | |
Name Not Listed Trustee | 1.5 | $9,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,440 |
| Total Program Service Revenue | $116,290 |
| Investment income | $10,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,715 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,222 |
| Compensation of current officers, directors, key employees. | $11,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,545 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,518 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,378 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,340 |
| Insurance | $13,351 |
| All other expenses | $0 |
| Total functional expenses | $129,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,872 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $147,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $448,737 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $701,489 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $701,489 |
| Total liabilities and net assets/fund balances | $701,489 |