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Leo C Parent Scholarship Tr Ii

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$152k (2024)

Expenses
$66.1k (2024)

Total Assets
$1.65M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$152,028
Expenses
$66,133
Net Income
$85,895
Net Assets
$1,650,534
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $43,892
28.9%
Sales of Assets $108,136
71.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $48,706
73.6%
Compensation of Officers* $12,887
19.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,650,534
Total Liabilities $0
Net Assets $1,650,534
Compensation
Key Employees and Officers Compensation Other
Alerus Financial (Trustee) $12,887 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$57,063
Expenses
$58,823
Net Income
-$115,886
Net Assets
$1,564,795
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $38,527
Sales of Assets -$96,069
Other Income $479
Notable Expenses Percent of Total Expenses
Charitable Disbursements $54,279
92.3%
Compensation of Officers* $12,279
20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,564,795
Total Liabilities $0
Net Assets $1,564,795
Compensation
Key Employees and Officers Compensation Other
Alerus Financial (Trustee) $12,279 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$57,233
Expenses
$53,590
Net Income
$3,643
Net Assets
$1,682,150
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $35,713
62.4%
Sales of Assets $21,520
37.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $49,442
92.3%
Compensation of Officers* $12,566
23.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,682,150
Total Liabilities $0
Net Assets $1,682,150
Compensation
Key Employees and Officers Compensation Other
Alerus Financial (Trustee) $12,566 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$386,140
Expenses
$79,268
Net Income
$306,872
Net Assets
$1,678,507
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $37,474
9.7%
Sales of Assets $337,640
87.4%
Other Income $11,026
2.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,675
82.9%
Compensation of Officers* $12,875
16.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,678,507
Total Liabilities $0
Net Assets $1,678,507
Compensation
Key Employees and Officers Compensation Other
Alerus Financial (Trustee) $12,875 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$149,777
Expenses
$53,647
Net Income
$96,130
Net Assets
$1,368,754
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $30,019
20.0%
Sales of Assets $119,758
80.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,366
79.0%
Compensation of Officers* $11,899
22.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,368,755
Total Liabilities $1
Net Assets $1,368,754
Compensation
Key Employees and Officers Compensation Other
Alerus Financial (Trustee) $11,899 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$110,077
Expenses
$97,707
Net Income
$12,370
Net Assets
$1,272,516
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $30,936
28.1%
Sales of Assets $79,141
71.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $78,909
80.8%
Compensation of Officers* $11,726
12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,272,516
Total Liabilities $0
Net Assets $1,272,516

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$98,092
Expenses
$74,483
Net Income
$23,609
Net Assets
$1,189,119
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18
0.0%
Dividends $32,728
33.4%
Sales of Assets $65,346
66.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $61,540
82.6%
Compensation of Officers* $11,821
15.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,189,119
Total Liabilities $0
Net Assets $1,189,119

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$107,048
Expenses
$70,529
Net Income
$36,519
Net Assets
$1,165,510
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4
0.0%
Dividends $33,207
31.0%
Sales of Assets $73,837
69.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $59,439
84.3%
Compensation of Officers* $14,517
20.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,165,510
Total Liabilities $0
Net Assets $1,165,510

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$99,230
Expenses
$62,826
Net Income
$36,404
Net Assets
$1,128,991
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $31
0.0%
Dividends $31,642
31.9%
Sales of Assets $67,557
68.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $53,078
84.5%
Compensation of Officers* $13,433
21.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,128,991
Total Liabilities $0
Net Assets $1,128,991

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$66,737
Expenses
$47,582
Net Income
$19,155
Net Assets
$1,092,587
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $61
0.1%
Dividends $32,531
48.7%
Sales of Assets $34,145
51.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,504
80.9%
Compensation of Officers* $12,913
27.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,092,587
Total Liabilities $0
Net Assets $1,092,587

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$68,268
Expenses
$46,251
Net Income
$22,017
Net Assets
$1,073,432
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $49
0.1%
Dividends $37,122
54.4%
Sales of Assets $31,097
45.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,793
75.2%
Compensation of Officers* $12,579
27.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,073,432
Total Liabilities $0
Net Assets $1,073,432

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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