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Scharlepp Scholarship Trust

  • Sioux Falls, SD
  • Tax-exempt since Feb. 2016
  • EIN: 47-2151700

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
$91.6k (2024)

Expenses
$89.8k (2024)

Total Assets
$3.21M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 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
$91,617
Expenses
$89,767
Net Income
$1,850
Net Assets
$3,207,824
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,547
11.5%
Sales of Assets $2,265
2.5%
Other Income $78,805
86.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $74,208
82.7%
Compensation of Officers* $5,811
6.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,207,824
Total Liabilities $0
Net Assets $3,207,824
Compensation
Key Employees and Officers Compensation Other
The First National Bank Sioux Falls (Co Trustee) $4,811 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on May 15, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$107,645
Expenses
$103,905
Net Income
$3,740
Net Assets
$3,205,974
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,822
9.1%
Sales of Assets $807
0.7%
Other Income $97,016
90.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $88,085
84.8%
Compensation of Officers* $5,113
4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,205,974
Total Liabilities $0
Net Assets $3,205,974
Compensation
Key Employees and Officers Compensation Other
The First National Bank Sioux Falls (Co Trustee) $4,113 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on May 14, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$185,906
Expenses
$111,168
Net Income
$74,738
Net Assets
$3,202,234
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,304
2.3%
Sales of Assets $10,178
5.5%
Other Income $171,424
92.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $96,220
86.6%
Compensation of Officers* $7,960
7.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,202,234
Total Liabilities $0
Net Assets $3,202,234
Compensation
Key Employees and Officers Compensation Other
The First National Bank Sioux Falls (Co Trustee) $6,960 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on May 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$142,467
Expenses
$103,927
Net Income
$38,540
Net Assets
$3,127,496
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,240
2.3%
Sales of Assets $3,891
2.7%
Other Income $135,336
95.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $86,370
83.1%
Compensation of Officers* $6,826
6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,127,496
Total Liabilities $0
Net Assets $3,127,496
Compensation
Key Employees and Officers Compensation Other
The First National Bank Sioux Falls (Co Trustee) $5,826 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on May 13, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$104,055
Expenses
$109,485
Net Income
-$5,430
Net Assets
$3,088,955
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,244
3.1%
Sales of Assets $1,919
1.8%
Other Income $98,892
95.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $94,981
86.8%
Compensation of Officers* $6,308
5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,088,956
Total Liabilities $1
Net Assets $3,088,955
Compensation
Key Employees and Officers Compensation Other
The First National Bank Sioux Falls (Co Trustee) $5,308 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on Nov. 2, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$104,389
Expenses
$80,769
Net Income
$23,620
Net Assets
$3,094,385
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,328
4.1%
Sales of Assets $1,228
1.2%
Other Income $98,833
94.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $64,570
79.9%
Compensation of Officers* $5,758
7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,094,386
Total Liabilities $1
Net Assets $3,094,385
Compensation
Key Employees and Officers Compensation Other
First National Bank In Sioux Falls (Co Trustee) $4,758 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on Nov. 16, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$73,790
Expenses
$66,440
Net Income
$7,350
Net Assets
$3,070,766
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $3,663
5.0%
Sales of Assets $2,981
4.0%
Other Income $67,146
91.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $53,784
81.0%
Compensation of Officers* $4,712
7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,070,766
Total Liabilities $0
Net Assets $3,070,766
Compensation
Key Employees and Officers Compensation Other
First National Bank In Sioux Falls (Co Trustee) $3,712 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on May 10, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$86,408
Expenses
$81,455
Net Income
$4,953
Net Assets
$3,063,416
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,854
3.3%
Sales of Assets $2,986
3.5%
Other Income $80,568
93.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $81,455
100%
Compensation of Officers* $6,581
8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,063,416
Total Liabilities $0
Net Assets $3,063,416
Compensation
Key Employees and Officers Compensation Other
First National Bank In Sioux Falls (Co Trustee) $5,581 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on Nov. 15, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$84,874
Expenses
$101,460
Net Income
-$16,586
Net Assets
$3,058,398
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $16,968
20.0%
Interest Revenue $0
Dividends $2,472
2.9%
Sales of Assets -$4,906
Other Income $70,340
82.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $101,460
100%
Compensation of Officers* $5,638
5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,058,398
Total Liabilities $0
Net Assets $3,058,398
Compensation
Key Employees and Officers Compensation Other
First National Bank In Sioux Falls (Co Trustee) $4,638 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on May 11, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$88,287
Expenses
$16,925
Net Income
$71,362
Net Assets
$3,054,984
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $132
0.1%
Dividends $1,662
1.9%
Sales of Assets $1,173
1.3%
Other Income $85,320
96.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,865
99.6%
Compensation of Officers* $6,419
37.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,060,143
Total Liabilities $5,159
Net Assets $3,054,984
Compensation
Key Employees and Officers Compensation Other
First National Bank In Sioux Falls (Co Trustee) $5,419 $0
Gary T Benz (Co Trustee) $1,000 $0

Document Links

990-PF
Filed on May 19, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,984,801
Expenses
$1,179
Net Income
$2,983,622
Net Assets
$2,983,622
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,924,957
98.0%
Interest Revenue $14
0.0%
Dividends $524
0.0%
Sales of Assets $720
0.0%
Other Income $58,586
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,179
100%
Compensation of Officers* $179
15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,983,622
Total Liabilities $0
Net Assets $2,983,622

Document Links

990-PF

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

PDF

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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Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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