George Marsh Sheets Scholarship Trust

First National Bank Ttee

Milwaukee, WI
Tax-exempt since Oct. 2002
EIN: 42-6275922

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$18.4k (2024)

Expenses

$25.4k (2024)

Total Assets

$32.9k (2024)

Total Liabilities

$0 (2024)

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

Revenue

$18,352

Expenses

$25,367

Net Income

-$7,015

Net Assets

$32,911

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,485	89.8%
Sales of Assets	$1,862	10.1%
Other Income	$5	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,354	72.4%
Compensation of Officers*	$9,336	36.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,911
Total Liabilities	$0
Net Assets	$32,911

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$7,336	$0
David W Kennedy (Co Trustee)	$2,000	$0

990-PF

Filed on May 8, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$41,979

Expenses

$42,661

Net Income

-$682

Net Assets

$39,924

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,283	38.8%
Sales of Assets	$25,690	61.2%
Other Income	$6	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,010	82.1%
Compensation of Officers*	$8,194	19.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$39,924
Total Liabilities	$0
Net Assets	$39,924

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$7,394	$0
David W Kennedy (Co Trustee)	$800	$0

990-PF

Filed on May 5, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$49,704

Expenses

$55,270

Net Income

-$5,566

Net Assets

$40,603

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,624	33.4%
Sales of Assets	$33,076	66.5%
Other Income	$4	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,242	76.4%
Compensation of Officers*	$11,531	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	$40,603
Total Liabilities	$0
Net Assets	$40,603

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$10,331	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on May 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$15,575

Expenses

$15,698

Net Income

-$123

Net Assets

$46,169

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,575	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,828	49.9%
Compensation of Officers*	$8,556	54.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$46,169
Total Liabilities	$0
Net Assets	$46,169

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$8,556	$0
David W Kennedy (Co Trustee)	$0	$0

990-PF

Filed on Nov. 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$22,127

Expenses

$33,375

Net Income

-$11,248

Net Assets

$40,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,296	69.1%
Sales of Assets	$6,831	30.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,744	77.1%
Compensation of Officers*	$9,610	28.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$40,837
Total Liabilities	$1
Net Assets	$40,836

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$8,410	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on May 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$19,340

Expenses

$29,893

Net Income

-$10,553

Net Assets

$52,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,949	77.3%
Sales of Assets	$4,391	22.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,507	75.3%
Compensation of Officers*	$9,215	30.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$52,832
Total Liabilities	$1
Net Assets	$52,831

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Co Trustee)	$8,015	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on July 7, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$13,710

Expenses

$28,949

Net Income

-$15,239

Net Assets

$68,090

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,406	> 100%
Sales of Assets	-$696
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,458	77.6%
Compensation of Officers*	$8,345	28.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$68,090
Total Liabilities	$0
Net Assets	$68,090

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$7,145	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on May 2, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$13,608

Expenses

$31,933

Net Income

-$18,325

Net Assets

$83,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,782	> 100%
Sales of Assets	-$174
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,112	78.6%
Compensation of Officers*	$8,316	26.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$83,515
Total Liabilities	$0
Net Assets	$83,515

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$7,116	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on April 21, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$17,810

Expenses

$20,899

Net Income

-$3,089

Net Assets

$101,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,870	72.3%
Sales of Assets	$4,940	27.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,817	70.9%
Compensation of Officers*	$7,755	37.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$101,666
Total Liabilities	$0
Net Assets	$101,666

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$6,555	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on May 9, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$14,617

Expenses

$26,619

Net Income

-$12,002

Net Assets

$104,681

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,121	89.8%
Sales of Assets	$1,496	10.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,049	79.1%
Compensation of Officers*	$7,133	26.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$104,681
Total Liabilities	$0
Net Assets	$104,681

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$5,933	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on May 11, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$14,647

Expenses

$20,910

Net Income

-$6,263

Net Assets

$116,683

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,540	85.6%
Sales of Assets	$2,107	14.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,585	74.5%
Compensation of Officers*	$6,969	33.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$116,683
Total Liabilities	$0
Net Assets	$116,683

Compensation

Key Employees and Officers	Compensation	Other
U S Bank N A (Trustee)	$5,769	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on May 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$11,896

Expenses

$15,740

Net Income

-$3,844

Net Assets

$122,946

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,576	97.3%
Sales of Assets	$320	2.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,971	69.7%
Compensation of Officers*	$6,351	40.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$122,946
Total Liabilities	$0
Net Assets	$122,946

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$5,151	$0
David W Kennedy (Co Trustee)	$1,200	$0

990-PF

Filed on May 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$12,016

Expenses

$21,496

Net Income

-$9,480

Net Assets

$126,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,354	94.5%
Sales of Assets	$662	5.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,104	79.6%
Compensation of Officers*	$5,819	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	$126,790
Total Liabilities	$1
Net Assets	$126,789

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$12,774

Expenses

$18,951

Net Income

-$6,177

Net Assets

$136,270

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,130	79.3%
Sales of Assets	$2,644	20.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,045	79.4%
Compensation of Officers*	$5,248	27.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$136,270
Total Liabilities	$0
Net Assets	$136,270

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Updated March 23, 2026

George Marsh Sheets Scholarship Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $18.4k (2024)

Expenses $25.4k (2024)

Total Assets $32.9k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$18.4k (2024)

Expenses

$25.4k (2024)

Total Assets

$32.9k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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