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Ludgardis S Marxer College Education Trust

50 01 100 0640136

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
$11.4k (2024)

Expenses
$10.8k (2024)

Total Assets
$248k (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,425
Expenses
$10,783
Net Income
$642
Net Assets
$248,485
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,104
88.4%
Sales of Assets $1,321
11.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12
0.1%
Compensation of Officers* $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 $248,485
Total Liabilities $0
Net Assets $248,485
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
Teresa Lesicko At Union B And T (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,212
Expenses
$6,606
Net Income
-$3,394
Net Assets
$247,843
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13
0.4%
Dividends $4,979
> 100%
Sales of Assets -$1,780
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25
0.4%
Compensation of Officers* $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 $247,843
Total Liabilities $0
Net Assets $247,843
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
Teresa Lesicko At Union B And T (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,274
Expenses
$23,881
Net Income
-$20,607
Net Assets
$251,237
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,805
> 100%
Sales of Assets -$1,531
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,357
55.9%
Compensation of Officers* $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 $251,237
Total Liabilities $0
Net Assets $251,237
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
Teresa Lesicko Co Union Bt (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$31,873
Expenses
$17,293
Net Income
$14,580
Net Assets
$271,844
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,826
15.1%
Sales of Assets $26,378
82.8%
Other Income $669
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,451
14.2%
Compensation of Officers* $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 $271,844
Total Liabilities $0
Net Assets $271,844
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
Teresa Lesicko Co Union Bt (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,201
Expenses
$40,271
Net Income
-$36,070
Net Assets
$257,264
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,796
> 100%
Sales of Assets -$1,852
Other Income $257
6.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,011
82.0%
Compensation of Officers* $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 $257,264
Total Liabilities $0
Net Assets $257,264
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
John Marxer Co Union Bank And Trust (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,894
Expenses
$41,686
Net Income
-$31,792
Net Assets
$293,333
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,501
75.8%
Sales of Assets $2,104
21.3%
Other Income $289
2.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,594
80.6%
Compensation of Officers* $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 $293,334
Total Liabilities $1
Net Assets $293,333
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
John Marxer Co Union Bank And Trust (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,896
Expenses
$42,606
Net Income
-$34,710
Net Assets
$325,126
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,470
56.6%
Sales of Assets $3,341
42.3%
Other Income $85
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,151
84.8%
Compensation of Officers* $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 $325,126
Total Liabilities $0
Net Assets $325,126
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
John Marxer Co Union Bank And Trust (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$71,377
Expenses
$44,026
Net Income
$27,351
Net Assets
$359,836
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,151
8.6%
Sales of Assets $65,226
91.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,147
82.1%
Compensation of Officers* $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 $359,836
Total Liabilities $0
Net Assets $359,836
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
John Marxer Co Union Bank And Trust (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,566
Expenses
$31,202
Net Income
-$5,636
Net Assets
$332,485
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,837
22.8%
Sales of Assets $19,729
77.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,937
79.9%
Compensation of Officers* $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 $332,485
Total Liabilities $0
Net Assets $332,485
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
John Marxer Co Union Bank And Trust (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,867
Expenses
$59,618
Net Income
-$30,751
Net Assets
$338,121
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,176
21.4%
Sales of Assets $22,691
78.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $44,808
75.2%
Compensation of Officers* $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 $338,121
Total Liabilities $0
Net Assets $338,121

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,234
Expenses
$47,761
Net Income
$12,473
Net Assets
$368,872
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,207
10.3%
Sales of Assets $54,027
89.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,881
81.4%
Compensation of Officers* $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 $368,872
Total Liabilities $0
Net Assets $368,872
Compensation
Key Employees and Officers Compensation Other
Union Bank And Trust (Co Trustee) $0 $0
John Marxer Co Union Bank And Trust (Co Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$55,491
Expenses
$46,782
Net Income
$8,709
Net Assets
$356,399
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,424
11.6%
Sales of Assets $49,067
88.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,392
82.1%
Compensation of Officers* $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 $356,399
Total Liabilities $0
Net Assets $356,399

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,513
Expenses
$48,331
Net Income
-$9,818
Net Assets
$347,690
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,110
21.1%
Sales of Assets $30,403
78.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,835
70.0%
Compensation of Officers* $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 $347,690
Total Liabilities $0
Net Assets $347,690

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,229
Expenses
$45,538
Net Income
-$22,309
Net Assets
$357,508
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,636
32.9%
Sales of Assets $15,593
67.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $40,612
89.2%
Compensation of Officers* $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 $357,508
Total Liabilities $0
Net Assets $357,508

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.
2009

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

Fiscal Year Ending Dec.
2007

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.
2006

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.
2005

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

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