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Nonprofiteer
← GLASGOW HIGH SCHOOL EDUCATIONAL TRUST

Form 990 for tax year 2024

Filed by GLASGOW HIGH SCHOOL EDUCATIONAL TRUST.

Totals

Total revenue
$1,173,728
Total expenses
$131,748
Contributions and grants received
$97,235
Grants paid
$126,082
Program service revenue
$0
Investment income
$1,076,493
Other revenue
$0
Total assets, end of year
$12,936,140
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$12,936,140
Program services expenses (Part IX)
$126,082
Management and general expenses
$5,666
Fundraising expenses
$0
Program service expenses (Part III)
$126,082

Program services were 95.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $97,235

  • 3 · Investment income

    total $482,098 · excluded $482,098

  • 7a · Gross sales of assets other than inventory

    securities $532,722 · other assets $620,000

  • 7b · Less cost or other basis and sales expenses

    securities $254,452 · other assets $303,875

  • 7c · Gain or loss

    securities $278,270 · other assets $316,125

  • 7d · Net gain or loss

    total $594,395 · related or exempt $594,395

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $126,082 · program services $126,082

  • 12 · Advertising and promotion

    total $970 · management and general $970

  • 13 · Office expenses

    total $3,541 · management and general $3,541

  • 23 · Insurance

    total $416 · management and general $416

  • 24a · Other expenses: FEES, MISC

    total $739 · management and general $739

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,532 · end of year $5,906

  • 2 · Savings and temporary cash investments

    beginning of year $2,680,520 · end of year $2,929,403

  • 7 · Other notes and loans receivable

    beginning of year $205,536 · end of year $205,536

  • 11 · Investments: publicly traded securities

    beginning of year $9,002,572 · end of year $9,795,295

  • 27 · Net assets without donor restrictions

    beginning of year $11,894,160 · end of year $12,936,140

Mission and programs · 2024

Mission

THE PURPOSE OF THE TRUST IS TO GRANT FINANCIAL AID TO GLASGOW HIGH SCHOOL GRADUATES IN THEIR PURSUIT OF HIGHER EDUCATION

Activities or mission (Part I)

PROVIDE FINANCIAL ASSISTANCE TO STUDENTS TO ATTEND INSTITUTIONS OF HIGHER EDUCATION

  • GIFTED NUMEROUS SCHOLARSHIPS TO QUALIFYING INDIVIDUALS

    Expenses $126,082 · Grants $126,082

As filed on the 2024 return.

Listed in Part VII

  • Beth Knodel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Drew Markle

    CRO

    Total calculated
    $0
    Hours/week
    0

  • Robert Martin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jeremiah Hopstad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jeanine Markle

    CEO

    Total calculated
    $0
    Hours/week
    0

  • Danielle Anderson

    EO

    Total calculated
    $0
    Hours/week
    0

  • Doris Leader

    CFO

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • MSU - BOZEMAN

    $29,000

    FINANCIAL AID TO STUDENTS

  • UNIVERSITY OF MONTANA

    $23,000

    FINANCIAL AID TO STUDENTS

  • GLASGOW HIGH SCHOOL

    $16,582

    PURCHASE OF MISC EQUIPMENT AND RESOURCES FOR HIGH SCHOOL DEPARTMENTS

  • MONTANA TECH

    $11,500

    FINANCIAL AID TO STUDENTS

  • SOUTH DAKOTA SCHOOL OF MINES

    $6,000

    FINANCIAL AID TO STUDENTS

  • UNIVERSITY OF UTAH

    $6,000

    FINANCIAL AID TO STUDENTS

  • UTAH STATE UNIVERSITY

    $6,000

    FINANCIAL AID TO STUDENTS

  • MSU - BILLINGS

    $6,000

    FINANCIAL AID TO STUDENTS

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601349349309065

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