Adolph & Emily Lokensgard Scholarship Trust Fund in Nicollet, Minnesota (MN)

Organization representatives - add corrected or new information about Adolph & Emily Lokensgard Scholarship Trust Fund »

Non-representatives - add comments about Adolph & Emily Lokensgard Scholarship Trust Fund»

Adolph & Emily Lokensgard Scholarship Trust Fund
Employer Identification Number (EIN)311561754
Name of OrganizationAdolph & Emily Lokensgard Scholarship Trust Fund
In Care of NameG Eckberg
Address46924 360th St, Nicollet, MN 56074-4226
ActivitiesScholarships (other)
SubsectionEducational Organization
Ruling Date01/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000 to $24,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$22,551
Amount of Income$1,501
Form 990 Revenue Amount$1,106
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


Non-representatives - add comments:


CAPTCHA

Your IP address 3.237.87.69 will be logged.

Amount of income in 2014: $1,501 (it was $1,000 in 2013)
This organization: 

 $1,501
Other organizations performing similar types of work: 

 $50,088

Assets in 2014: $22,551 (it was $22,050 in 2013)
Adolph & Emily Lokensgard Scholarship Trust Fund: 

 $22,551
Other organizations performing similar types of work: 

 $160,480

Expenses in 2014: $1,000
This organization: 

 $1,000
Other organizations performing similar types of work: 

 $41,701

Income to expenses ratio in 2014: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2014: 61.4%
Adolph & Emily Lokensgard Scholarship Trust Fund: 

 61.4%
Other organizations performing similar types of work: 

 22.2%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,501$578$922
Contributions, gifts, grants, etc., received$922
Interest on savings and temporary cash investments$578
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Other$1
Total expenses and disbursements$1,000$0$0$1,000
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$0$0$0
Contributions, gifts, grants paid$1,000
Excess of revenue over expenses and disbursements$501
Net investment income$578
Adjusted net income$922
Balance Sheets
201220132014
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$22,049$22,049$22,050$22,050$22,551$22,051
Cash - non-interest-bearing$49$50$51
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$0$0$0
Total liabilities and net assets/fund balances$22,000$22,050$22,551
Capital Gains and Losses for Tax on Investment Income
201220132014
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201220132014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201220132014
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?NoNo
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201220132014
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?YesYesYes
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201220132014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$50$50$50
Net value of noncharitable-use assets$49$49
Minimum investment return$2$2$2
Distributable Amount
201220132014
Distributable amount$2$2$2
Undistributed Income
201220132014
Distributable amount for this year$2$2$2
Undistributed income for this year. This amount must be distributed in the next year$0$2$2
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$578$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Adolph & Emily Lokensgard Scholarship Trust Fund to others? (optional)
  
Add photo of Adolph & Emily Lokensgard Scholarship Trust Fund (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The@charles Mitchell Scholarship Trust, Pershan Richard H Et Al Ttee10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1997-07$2,794,018
2Wisconsin Rural Opportunities Foundation Inc3310 Latham Dr, Madison, WI 53713-4634WI1996-09$2,025,315
3The Leadership Investment3900 E Mexico Ave Ste 600, Denver, CO 80210-3943CO1991-05$1,186,322
4W R And Floy A Sauey Family Foundation Inc715 Lynn Ave, Baraboo, WI 53913-2744WI1998-09$738,726
5Yoder Brothers Memorial Scholarship Fund7550 Trails End, Chagrin Falls, OH 44023-1426OH1997-06$351,924
6Brazosport Rotary Club Charitable Foundation IncP O Box 71, Lake Jackson, TX 77566TX1994-02$338,792
7The Lyden Foundation IncPO BOX 700, Winter Park, FL 32790-0700FL1997-12$331,009
8Susan Fund Inc8 Hilly Field Ln, Westport, CT 06880-2916CT1992-07$258,599
9Trustees Of Chester Academy Stratevest Group N APO BOX 1280, Brattleboro, VT 05302-1280VT1995-06$201,493
10University Of Aberdeen Foundation Inc57 W 57th St 3rd And 4th Flr, New York, NY 10019NY1996-07$182,160
11Thomas W And Lolita Gayle Scholarship FundPO BOX 40200, Jacksonville, FL 32203-0200FL1998-01$181,272
12The Dubose Scholarship FundPO BOX 1749, Chattanooga, TN 37401-1749TN1998-09$82,011
13Glenpool Public Schools Foundation For Academic Excellence IncPO BOX 1149, Glenpool, OK 74033OK1995-06$48,114
14Virginia National Guard FoundationBldg 316 Fort Pickett, Blackstone, VA 23824VA1995-05$47,598
15Spiro School Foundation For Excellence In Education IncPO BOX 127, Spiro, OK 74959-0127OK1992-01$43,018
16Third Eye Inc39303 Country Club Dr Ste A-48, Farmington Hills, MI 48331-3449MI1998-01$36,894
17Rockwall County A & M ClubPO BOX 214, Rockwall, TX 75087-0214TX1991-04$33,628
18Thomas E Anding & Emilyne Weed Anding Foundation4350 Shady Hill Dr, Dallas, TX 75229-2863TX1998-11$13,861
19Adolph & Emily Lokensgard Scholarship Trust Fund46924 360th St, Nicollet, MN 56074-4226MN1998-01$1,501
20AmericharitiesPO BOX 46006, Eden Prairie, MN 55344-2706MN1996-07$0
Number of organizations performing similar types of work
Alabama3
Arkansas2
Arizona3
California8
Colorado5
Connecticut3
District of Columbia2
Delaware1
Florida11
Georgia1
Hawaii1
Iowa3
Illinois9
Indiana1
Kansas1
Kentucky3
Massachusetts7
Maryland3
Maine1
Michigan3
Minnesota2
Missouri5
Montana1
North Carolina2
Nebraska1
New Hampshire1
New Jersey6
New York16
Ohio2
Oklahoma6
Oregon3
Pennsylvania6
Rhode Island1
Tennessee2
Texas27
Utah1
Virginia4
Vermont2
Wisconsin7
Wyoming2
Total168

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Adolph & Emily Lokensgard Scholarship Trust Fund and has no official or unofficial affiliation with Adolph & Emily Lokensgard Scholarship Trust Fund