JAMES AND HELEN HOVORKA ENDOWMENT FUND
1400 INSPIRATION PLACE SW, CEDAR RAPIDS, IA 52404

Total Revenue
$79,334
Total Expenses
$1,148,371
Net Assets
$0

Organizations Filed Purposes: SCHOLARSHIP SUPPORT TO THE COUNCIL OF HIGHER EDUCATION

THIS ORGANIZATION IS RESTRICTED BY THE WILL & TESTAMENT OF JAMES AND HELEN HOVORKA, THE DONORS & FOUNDERS OF THE ENDOWMENT FUND, NAMED IN THEIR MEMORY. THE PROCEEDS ARE USED SOLELY FOR GRANTING SCHOLARSHIPS TO NEEDY AND QUALIFIED STUDENTS OF CZECH AND SLOVAK DESCENT. INCOME COLLECTED FROM INVESTMENT OF THE FUND IS COLLECTED AND CREDITED TO THE SUPPORT ORGANIZATION AND IS USUALLY PAID IN THE FALL OF THE YEAR. THE COUNCIL OF HIGHER EDUCATION THEN GRANTS SCHOLARSHIPS AFTER CONSIDERING ALL OF THE APPLICATIONS RECEIVED DURING THE SUMMER MONTHS. THE SCHOLARSHIPS ARE PAID OUT DURING THE FALL SEMESTER OF THE SCHOOL YEAR. THE COUNCI OF HIGHER EDUCATION IS THE ONLY ORGANIZATION SUPPORTED BY THE ENDOWMENT FUND. THE ORGANIZATION DISSOLVED IN DECEMBER OF 2015.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Gail NaughtonPRESIDENT & TRUSTEE2$0
Terri ChristoffersenVICE PRESIDENT & TRUSTEE2$0
Thomas DeboomSECRETARY & TRUSTEE2$0
Michael SengTRUSTEE1$0
Ernest MelicharTRUSTEE1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201641279349300624_public.xml