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Filing year 2024

GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST

Marshalltown, Iowa·EIN 46-6706404·NTEE B82 · Education·501(c)(3)
Total revenue
$50k
Total assets
$1.4M
Total expenses
$137k
Reported officers
1

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Iowa.

Trustee
Board Member
Median to 75th percentile
$24k
$26k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST equaled 17% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
17%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$107k

Itemized grants

8

Median grant

$8k

RecipientLocationPurposeAmount
IOWA STATE UNIVERSITYAMES, IASCHOLARSHIPS$39k
UNIVERSITY OF IOWAIOWA CITY, IASCHOLARSHIPS$27k
UNIVERSITY OF NORTHERN IOWACEDAR FALLS, IASCHOLARSHIPS$13k
CENTRAL COLLEGEPELLA, IASCHOLARSHIPS$8k
DRAKE UNIVERSITYDES MOINES, IASCHOLARSHIPS$7k
MARSHALLTOWN COMMUNITY COLLEGEMARSHALLTOWN, IASCHOLARSHIPS$6k
GRINNELL COLLEGEGRINNELL, IASCHOLARSHIPS$4k
UNIVERSITY OF DUBUQUEDUBUQUE, IASCHOLARSHIPS$4k
Compare this foundation's grantees

Up 5%
from 2023

From $23k in 2023 to $24k in 2024.

$23k
2023
$24k
2024
In today's dollarsEst.
Up 3% in real terms$25k to $26k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 5% from 2023 to 2024, while revenue fell 71%.

$23k in 2023 to $24k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST

What does the Board Member of GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST earn?

In 2024, the Board Member of GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST received $23,939 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Education organizations in Iowa, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST compare with similar nonprofits?

Compared with the same role at Education organizations in Iowa, the 2024 pay of the Board Member at GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST falls between the median and the 75th percentile. In 2024, the highest total compensation at GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST equaled 17% of the organization's total expenses. The median for education organizations is 7%.

What are GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST's revenue and expenses?

In 2024, GWENDOLYN AND LUCIAN L HINECKER SCHOLARSHIP TRUST reported $50k in total revenue and $137k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.