E A Hinderman Scholarship Memorial Inc

Overview

E A Hinderman Scholarship Memorial Inc. is a charitable organization located in Whitefish, Montana. It operates as a private foundation, focusing on charitable activities and scholarship disbursements.

History

The organization was established and received tax-exempt status in May 1990.

Financial Activities

In recent years, the foundation has derived its revenue primarily from dividends and sales of assets. For instance, in the fiscal year ending December 2022, the organization reported dividends of $46,379 and sales of assets amounting to $27,970. These activities constituted the majority of its revenue, with no contributions received during that period.

Charitable Disbursements

The organization is committed to charitable giving. In the fiscal year ending December 2022, it made charitable disbursements totaling $62,000. In 2023, it awarded $54,000 in grants.

Governance and Compensation

The organization has a board of directors with various roles, including president, vice president, secretary, treasurer, and several directors. None of the officers or directors receive compensation.

Assets and Liabilities

As of the fiscal year ending December 2022, the foundation held total assets of $1,050,890 and reported no liabilities.

Mission and Activities

While the organization's specific mission statement is not publicly available, its primary activities involve supporting educational or charitable initiatives through scholarships and grants.