Civic Intelligence

Scharlepp Scholarship Trust

990PF • Fiscal year 2015 • EIN 47-2151700

Jan 01, 2015 to Dec 31, 2015 • Filed on May 13, 2016

Organization Profile
PO Box 5186Sioux Falls, SD 57117-5186

(605) 335-5109

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2015 filings • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.06x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • $1M-$5M nonprofits • Source year 2015

Net Margin

95th percentile

81%

Higher net margin than 95% of similar nonprofits.

2015 filings • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

44th percentile

$5,419

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2015 filings • $1M-$5M nonprofits • Source year 2015

Asset Growth

60th percentile

2.6%

Faster asset growth than 60% of similar nonprofits.

2015 filings • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$3,060,143

Up $76,521 (+2.6%) from 2014

Net Assets

$3,054,984

No earlier filing loaded for comparison.

Liabilities

Up

$5,159

Up $5,159 from 2014

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin95th percentile

Revenue

Down

$88,287

Down $2,896,514 (-97%) from 2014

Expenses

Up

$16,925

Up $15,746 (+1336%) from 2014

Net Income

Down

$71,362

Down $2,912,260 (-98%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $2,983,622Liabilities 2014: $02014Assets 2015: $3,060,143Liabilities 2015: $5,159Net Assets 2015: $3,054,9842015Assets 2016: $3,058,398Liabilities 2016: $0Net Assets 2016: $3,058,3982016Assets 2017: $3,063,416Liabilities 2017: $0Net Assets 2017: $3,063,4162017Assets 2018: $3,070,766Liabilities 2018: $0Net Assets 2018: $3,070,7662018Assets 2019: $3,094,386Liabilities 2019: $1Net Assets 2019: $3,094,3862019Assets 2020: $3,088,956Liabilities 2020: $1Net Assets 2020: $3,088,9562020Assets 2021: $3,127,496Liabilities 2021: $1Net Assets 2021: $3,127,4962021Assets 2022: $3,202,234Liabilities 2022: $1Net Assets 2022: $3,202,2342022Assets 2023: $3,205,974Liabilities 2023: $1Net Assets 2023: $3,205,9742023Assets 2024: $3,207,824Liabilities 2024: $0Net Assets 2024: $3,207,8242024

Highlighted filing

2015

Assets$3,060,143
Liabilities$5,159
Net Assets$3,054,984
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,984,801Expenses 2014: $1,179Net Income 2014: $2,983,6222014Revenue 2015: $88,287Expenses 2015: $16,925Net Income 2015: $71,3622015Revenue 2016: $84,874Expenses 2016: $101,460Net Income 2016: -$16,5862016Revenue 2017: $86,408Expenses 2017: $81,455Net Income 2017: $4,9532017Revenue 2018: $73,790Expenses 2018: $66,440Net Income 2018: $7,3502018Revenue 2019: $104,389Expenses 2019: $80,769Net Income 2019: $23,6202019Revenue 2020: $104,055Expenses 2020: $109,485Net Income 2020: -$5,4302020Revenue 2021: $142,467Expenses 2021: $103,927Net Income 2021: $38,5402021Revenue 2022: $185,906Expenses 2022: $111,168Net Income 2022: $74,7382022Revenue 2023: $107,645Expenses 2023: $103,905Net Income 2023: $3,7402023Revenue 2024: $91,617Expenses 2024: $89,767Net Income 2024: $1,8502024

Highlighted filing

2015

Revenue$88,287
Expenses$16,925
Net Income$71,362
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 13, 2016
Return Version
2015v2.1
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
FIRST NATIONAL BANK IN SIOUX FALLSCo-Trustee-$5,419-$5,419
GARY T BENZCo-Trustee-$1,000-$1,000
Filing and Contact Details

Filer

Filer Name
Scharlepp Scholarship Trust
EIN
47-2151700
Phone
6053355109
Address
PO BOX 5186, SIOUX FALLS, SD 57117-5186

Signing Officer

Name
Elizabeth K Krogstad Jd
Title
Co-trustee
Phone
6053355109
Signed
2016-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Anderson Group CPA
Address
4500 SOUTH TECHNOLOGY DRIVE, SIOUX FALLS, SD 57106
Preparer
Derry D Anderson CPA
Phone
6059771040
Raw XML Appendix298 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
CashDeemedCharitableExplnStmt/ShortExplanationTxt0ALL CASH AND OTHER ASSETS HELD BY THE TRUST ARE TO BE USED TO GENERATE INCOME TO DISTRIBUTE TO STUDENTS AT THE SCHOOLS SPECIFIED IN THE TRUST DOCUMENTS. ALL CASH IS HELD FOR DISTRIBUTION IN SUBSEQUENT YEARS.
ExplnOfNonFilingWithAGStmt/ExplanationTxt0NOT REQUIRED IN SOUTH DAKOTA
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0FIRST NATIONAL BANK IN SIOUX FALLS
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1GARY T BENZ
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0CO-TRUSTEE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1CO-TRUSTEE
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1PO BOX 65
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IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0THE FIRST NATIONAL BANK IN SIOUX FALLS
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IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0THE SCHARLEPP SCHOLARSHIP TRUST IS ORGANIZED TO PROVIDE EDUCATIONAL OPPORTUNITIES AND FINANCIAL ASSISTANCE TO YOUNG ADULTS FROM OSCEOLA, LYON, SIOUX, AND O'BRIEN COUNTIES OF IOWA. EACH YEAR THE INCOME FROM THE TRUST WILL BE DISTRIBUTED TO THE HIGH SCHOOLS IN THE ABOVE REFERENCED COUNTIES TO BE AWARDED AS TUITION SCHOLARSHIPS TO CURRENT OR RECENT GRADUATES.
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt04190
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt04190
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt0365
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt013040
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt012675
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0365
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt016865
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt012675
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt013040
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0365
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0LAND INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1MISCELLANEOUS EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0189
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt118
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0189
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt118
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt085320
OtherIncomeSchedule2/OtherIncomeDetail/Desc0FARMLAND LEASE
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt085320
TaxesSchedule/TaxesDetail/Amt010257
TaxesSchedule/TaxesDetail/Amt125
TaxesSchedule/TaxesDetail/Amt217
TaxesSchedule/TaxesDetail/CategoryTxt0LAND REAL ESTATE TAX
TaxesSchedule/TaxesDetail/CategoryTxt1SECTION 4940 NET INVESTMENT INCOME TAX
TaxesSchedule/TaxesDetail/CategoryTxt2FOREIGN TAX WITHHELD FROM DIVIDENDS
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt010257
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt20
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt217
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH K KROGSTAD JD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum06053355109
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHARLEPP SCHOLARSHIP TRUST
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0THE FIRST NATIONAL BANK IN SIOUX FALLS
ReturnHeader/Filer/BusinessNameControlTxt0SCHA
ReturnHeader/Filer/EIN0472151700
ReturnHeader/Filer/PhoneNum06053355109
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5186
ReturnHeader/Filer/USAddress/CityNm0SIOUX FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd0571175186
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201392823
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDERSON GROUP CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04500 SOUTH TECHNOLOGY DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057106
ReturnHeader/PreparerPersonGrp/PhoneNum06059771040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DERRY D ANDERSON CPA
ReturnHeader/ReturnTs02016-05-19T17:01:39-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,060,143
Liabilities
$5,159
Net assets
$3,054,984
Revenue
$88,287
Expenses
$16,925
Net income
$71,362
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.21$0.00$3.21$0.09$0.09$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.21$0.00$3.21$0.11$0.10$0.00
2022Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.20$0.19$0.11$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.14$0.10$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$0.10$0.11$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$0.10$0.08$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.07$0.07$0.07$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$0.09$0.08$0.00
2016Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$0.08$0.10$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.06$0.01$3.05$0.09$0.02$0.07
2014Summary only. Only limited summary data is available for this year.$2.98$0.00$2.98$0.00$2.98