Civic Intelligence

Welker Educational Scholarship & Loan Fd

EIN 51-0157280 • 501(c)3 • Billings, MT

Profile

NONE

PO Box 30918Billings, MT 59116

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-47%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

32nd percentile

-1.7%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$1,546,211

Down $27,434 (-1.7%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$1,546,211

Down $27,434 (-1.7%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin7th percentile

Revenue

Down

$58,672

Down $38,610 (-40%) from 2023

Expenses

Up

$86,429

Up $26,873 (+45%) from 2023

Net Income

Down

-$27,757

Down $65,483 (-174%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,043,263Liabilities 2010: $0Net Assets 2010: $1,043,2632010Assets 2011: $1,062,541Liabilities 2011: $0Net Assets 2011: $1,062,5412011Assets 2012: $1,124,521Liabilities 2012: $0Net Assets 2012: $1,124,5212012Assets 2013: $1,146,630Liabilities 2013: $0Net Assets 2013: $1,146,6302013Assets 2014: $1,165,688Liabilities 2014: $0Net Assets 2014: $1,165,6882014Assets 2015: $1,167,007Liabilities 2015: $0Net Assets 2015: $1,167,0072015Assets 2016: $1,178,973Liabilities 2016: $0Net Assets 2016: $1,178,9732016Assets 2017: $1,188,768Liabilities 2017: $0Net Assets 2017: $1,188,7682017Assets 2018: $1,225,057Liabilities 2018: $0Net Assets 2018: $1,225,0572018Assets 2019: $1,234,076Liabilities 2019: $0Net Assets 2019: $1,234,0762019Assets 2020: $1,382,409Liabilities 2020: $0Net Assets 2020: $1,382,4092020Assets 2021: $1,494,661Liabilities 2021: $0Net Assets 2021: $1,494,6612021Assets 2022: $1,536,439Liabilities 2022: $0Net Assets 2022: $1,536,4392022Assets 2023: $1,573,645Liabilities 2023: $0Net Assets 2023: $1,573,6452023Assets 2024: $1,546,211Liabilities 2024: $0Net Assets 2024: $1,546,2112024

Highlighted filing

2024

Assets$1,546,211
Liabilities$0
Net Assets$1,546,211
Open 2024 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KExpenses 2010: $38,7112010Expenses 2011: $37,7292011Expenses 2012: $42,9292012Revenue 2013: $65,050Expenses 2013: $42,941Net Income 2013: $22,1092013Revenue 2014: $56,870Expenses 2014: $37,812Net Income 2014: $19,0582014Revenue 2015: $43,804Expenses 2015: $42,485Net Income 2015: $1,3192015Revenue 2016: $51,397Expenses 2016: $39,431Net Income 2016: $11,9662016Revenue 2017: $47,713Expenses 2017: $37,918Net Income 2017: $9,7952017Revenue 2018: $81,905Expenses 2018: $45,616Net Income 2018: $36,2892018Revenue 2019: $56,628Expenses 2019: $47,609Net Income 2019: $9,0192019Revenue 2020: $196,499Expenses 2020: $48,166Net Income 2020: $148,3332020Revenue 2021: $167,621Expenses 2021: $55,369Net Income 2021: $112,2522021Revenue 2022: $109,086Expenses 2022: $67,308Net Income 2022: $41,7782022Revenue 2023: $97,282Expenses 2023: $59,556Net Income 2023: $37,7262023Revenue 2024: $58,672Expenses 2024: $86,429Net Income 2024: -$27,7572024

Highlighted filing

2024

Revenue$58,672
Expenses$86,429
Net Income-$27,757
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,546,211
Liabilities
$0
Net assets
$1,546,211
Revenue
$58,672
Expenses
$86,429
Net income
-$27,757
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.00$1.55$0.06$0.09$0.03
2023Summary only. Only limited summary data is available for this year.$1.57$0.00$1.57$0.10$0.06$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$0.11$0.07$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.00$1.49$0.17$0.06$0.11
2020Summary only. Only limited summary data is available for this year.$1.38$0.00$1.38$0.20$0.05$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.00$1.23$0.06$0.05$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.00$1.23$0.08$0.05$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.00$1.19$0.05$0.04$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.05$0.04$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.00$1.17$0.04$0.04$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.06$0.04$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.07$0.04$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.00$1.12$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.1
Gross Receipts
$402,004
Mission and Program Overview

Mission

NONE

To provide funds to st. Vrain valley school district re-1j for college scholarships and loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,573,645$1,546,211▼ $27,434
Investments in Publicly Traded Securities$1,524,151$1,522,015▼ $2,136
Savings and Temporary Cash Investments$49,494$24,196▼ $25,298
Total Assets$1,573,645$1,546,211▼ $27,434
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,573,645$1,546,211▼ $27,434
Total Liabilities and Net Assets / Fund Balance$1,573,645$1,546,211▼ $27,434
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
First Interstate BankTrustee$21,200$21,200
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$58,672
Other Revenue
$0
Change in Net Assets
$-27,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$61,809
Salaries, Compensation, and Employee Benefits$21,200
Other Expenses$3,420
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$61,809--$61,809
Current Officers, Directors, Trustees, and Key Employees$0$21,200-$21,200
Fees for Services Other-$1,815-$1,815
Fees for Services Accounting-$1,605-$1,605
Total Functional Expenses$61,809$24,620$0$86,429
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Vrain Valley High School DistrictLongmont, COGOV'TTo Provide Funds for College Scholarships or Loans to Graduates of St Vrain Valley High Schools$61,809
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“This form 990 is reviewed and approved by the trust officer prior to filing.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and financial statements are made available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Welker Educational Scholarship Fund
EIN
51-0157280
Phone
8887914075
Address
PO BOX 30918, BILLINGS, MT 59116

Signing Officer

Name
Debra Uecker
Title
VP
Phone
8887914075
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
First Interstate Bank
Formed
1974
Legal Domicile
Co
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
155 N WACKER, Chicago, IL 60606-1787
Preparer
Sandra Murphy
Phone
3128792000
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

“Change is net assets is due to mutual fund timing $228.16 and return of capital $99.46”

Raw XML Appendix300 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE FUNDS TO ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J FOR COLLEGE SCHOLARSHIPS AND LOANS
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FIRST INTERSTATE BANK
IRS990/BooksInCareOfDetail/PhoneNum03072354201
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 30918
IRS990/BooksInCareOfDetail/USAddress/CityNm0BILLINGS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd059116
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt021200
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt021200
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt061809
IRS990/CYInvestmentIncomeAmt058672
IRS990/CYOtherExpensesAmt03420
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-27757
IRS990/CYSalariesCompEmpBnftPaidAmt021200
IRS990/CYTotalExpensesAmt086429
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt058672
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0ALL NET INCOME OF THE WELKER EDUCATIONAL SCHOLARSHIP AND LOAN FUND IS PAID BY THE TRUSTEE TO THE BOARD OF EDUCATION OF SCHOOL DISTRICT RE-1J, LONGMONT, COLORADO AT LEAST ANNUALLY. THE BOARD OF EDUCATION IS AUTHORIZED TO DETERMINE THE SCHOLARSHIP RECIPIENTS AND, WITHOUT LIMIT AS TO THE TOTAL NUMBER, MAY OFFER SCHOLARSHIPS OR LOANS, OR BOTH, AT THE BOARD'S DISCRETION, TO BE USED IN NON-SECTARIAN SCHOOLS IN THE STATE OF COLORADO TO GRADUATES OF THE DISTRICT'S HIGH SCHOOLS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt061809
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01605
IRS990/FeesForServicesAccountingGrp/TotalAmt01605
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01815
IRS990/FeesForServicesOtherGrp/TotalAmt01815
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0FIRST INTERSTATE BANK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt021200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt03936
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt061809
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt061809
IRS990/GrantsToDomesticOrgsGrp/TotalAmt061809
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0347268
IRS990/GrossReceiptsAmt0402004
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt054736
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt054736
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01524151
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01522015
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CO
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0343332
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE FUNDS TO ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J FOR COLLEGE SCHOLARSHIPS AND LOANS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01573645
IRS990/NetAssetsOrFundBalancesEOYAmt01546211
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt03936
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03936
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0323
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FIRST INTERSTATE BANK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt036281
IRS990/PYInvestmentIncomeAmt097282
IRS990/PYOtherExpensesAmt02774
IRS990/PYRevenuesLessExpensesAmt037726
IRS990/PYSalariesCompEmpBnftPaidAmt020501
IRS990/PYTotalExpensesAmt059556
IRS990/PYTotalRevenueAmt097282
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-27757
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01573645
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01546211
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049494
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024196
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THe trustee of Welker Educational Scholarship and Loan Fund communicates with the superintendent of St. Vrain Valley School District regarding the amount of money available for scholarships and the timing of disbursements. The fund receives an annual report on the scholarship recipients. The arrangement between the fund and the school district is summarized in a document that requires the
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Board of EDucation to review their policy and procedures related to these scholarship funds every five years.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2According to the trust agreement, Welker Educational and Scholarship Loan Fund is required to distribute the net income to the St. Vrain Valley School District not less often than annually. Currently, the net income is distributed to the school district on a quarterly basis. The Board of Education, in its sole discretion, is authorized to determine the scholarship recipients. The school district
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3disperses the scholarships directly to the schools and/or colleges being attended by the scholarship recipients. Funds pending disbursement are held in a restricted account and are not commingled with other accounts.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4Welker Educatoinal Scholarship and Loan Fund provides funds to the St. Vrain School District, which in turn, provides college scholarships and loans to graduating seniors. This furthers the district's mission of assisting the graduates in furthering their education. Without this help from Welker, the district could not provide scholarships.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Scheduel A, Part IV, Page 5, Section D, Line 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Scheduel A, Part IV, Page 5, Section D, Line 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Scheduel A, Part IV, Page 5, Section E, Line 1c
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3Scheduel A, Part IV, Page 5, Section E, Line 1c
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc4Scheduel A, Part IV, Page 5, Section E, Line 2a
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0846014380
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt061809
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ST VRAIN VALLEY SCHOOL DISTRICT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt061809
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt061809
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV'T
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FUNDS FOR COLLEGE SCHOLARSHIPS OR LOANS TO GRADUATES OF ST VRAIN VALLEY HIGH SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ST VRAIN VALLEY HIGH SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0846014380
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0395 SOUTH PRATT PKWY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LONGMONT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd080501
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The fund document and subsequent court orders provide that the fund is to "pay all of the net income from the fund currently to the school district". The Board of Education has the discretion to offer scholarships or loans, or both, to be used in "Non-Sectarian schools in the state of Colorado". A list of recipients and the schools they will be attending is provided by the Board of Education to the
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1Welker Educational Scholarship and Loan Fund.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS FORM 990 IS REVIEWED AND APPROVED BY THE TRUST OFFICER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHANGE IS NET ASSETS IS DUE TO MUTUAL FUND TIMING $228.16 AND RETURN OF CAPITAL $99.46
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PART XI, LINE 9
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ReturnHeader/ReturnTs02025-05-07T15:01:33-05:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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