Sheridan-Setterberg Memorial Trust
Sheridan-Setterberg Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Burlington, IA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $157K in total assets. In 2024, it awarded 3 grants totaling $7K. Net investment income was $9K.
Key facts about Sheridan-Setterberg Memorial Trust
- EIN
- 27-6232820
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,195
- Grants made (2024)
- 3
- Average grant
- $2,398
- Median grant
- $1,878
- Total assets
- $157,053
- Primary geography
- Iowa (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Sheridan-Setterberg Memorial Trust funds
By grant dollars, the top recipient states for Sheridan-Setterberg Memorial Trust's 3 itemized 2024 grants were Iowa (100%). The most frequent recipient cities were Burlington, IA (3 grants). None of its 3 grants with a stated purpose were described as general or operating support. Recurring purposes include "Tuition" (3 grants).
How Sheridan-Setterberg Memorial Trust gives
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Sheridan-Setterberg Memorial Trust
- How to evaluate Sheridan-Setterberg Memorial Trust as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$157K
+2.0% YoY
Annual Giving
$7K
+44.2% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$2K
+44.2% YoY
Under IRS private-foundation payout rules, Sheridan-Setterberg Memorial Trust reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Sheridan-Setterberg Memorial Trust
Based on IRS filings
Sheridan-Setterberg Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Burlington, IA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $157K in total assets. In 2024, it awarded 3 grants totaling $7K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $157,053 | $154,029 | $159,646 |
| Revenue | $13,002 | $2,000 | $8,702 |
| Expenses | $9,978 | $7,617 | $8,952 |
| Qualifying Distributions | $8,564 | $6,726 | $7,371 |
| Net Investment Income | $8,868 | $3,178 | $7,431 |
| Distributable Amount | $8,391 | $7,512 | $7,888 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Taryn Stephens ($3,755), Seena Nowroozi ($1,878), Annabel Johnson ($1,562).
| Recipient | Purpose | Amount |
|---|---|---|
| TARYN STEPHENS Burlington, IA | TUITION | $3,755 |
| SEENA NOWROOZI Burlington, IA | TUITION | $1,878 |
| ANNABEL JOHNSON Burlington, IA | TUITION | $1,562 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Farmers Merchant Bank Trust | Trustee | 1 | $2,064 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sheridan-Setterberg Memorial Trust?
Sheridan-Setterberg Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Burlington, IA. It holds $157K in total assets as of 2024.
How large is Sheridan-Setterberg Memorial Trust?
As of 2024, Sheridan-Setterberg Memorial Trust holds $157K in total assets with $13K in annual revenue. It awarded 3 grants totaling $7K in 2024.
Where does Sheridan-Setterberg Memorial Trust operate?
Sheridan-Setterberg Memorial Trust has awarded grants in Iowa.
What size grants does Sheridan-Setterberg Memorial Trust award?
In 2024, Sheridan-Setterberg Memorial Trust awarded 3 grants totaling $7K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Sheridan-Setterberg Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sheridan-Setterberg Memorial Trust reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sheridan-Setterberg Memorial Trust's EIN?
Sheridan-Setterberg Memorial Trust's EIN (Employer Identification Number) is 27-6232820. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.