2024-05-06T20:01:12-05:00 2023-12-31 346565596 ERNST & YOUNG US LLP 155 N WACKER Chicago IL 606061787 990 2023-01-01 510157280 WELKER EDUCATIONAL SCHOLARSHIP FUND WELK 8887914075 PO BOX 30918 BILLINGS MT 59116 DEBRA UECKER VP 8887914075 2024-05-06 true false SANDRA MURPHY P01252209 3128792000 2024-05-06 2023 2023-04-26 12:10:37Z FIRST INTERSTATE BANK PO BOX 30918 BILLINGS MT 59116 1287462 false X N/A X 1968 CO TO PROVIDE FUNDS TO ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J FOR COLLEGE SCHOLARSHIPS AND LOANS 1 0 0 0 0 0 0 109086 97282 0 109086 97282 43615 36281 0 21728 20501 0 0 1965 2774 67308 59556 41778 37726 1536439 1573645 0 0 1536439 1573645 TO PROVIDE FUNDS TO ST. VRAIN VALLEY SCHOOL DISTRICT RE-1J FOR COLLEGE SCHOLARSHIPS AND LOANS false false 36281 36281 ALL 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. 36281 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false false X 1 0 false false false false false false false true true false false true false false false false false false X X FIRST INTERSTATE BANK 3072354201 PO BOX 30918 BILLINGS MT 59116 FIRST INTERSTATE BANK TRUSTEE 2.0 X 20501 0 0 20501 0 0 false false false 54197 54197 1233265 1190180 43085 43085 43085 97282 97282 36281 36281 20501 0 20501 1430 1430 1344 1344 59556 36281 23275 0 98233 49494 1438206 1524151 1536439 1573645 0 0 X 1536439 1573645 1536439 1573645 1536439 1573645 X 37726 -520 X false false false X X 1 ST VRAIN VALLEY SCHOOL DISTRICT 846014380 6 true 36281 0 1 36281 0 true false false false false false false false false false false false false false false true false false X 0 0 0 0 0 0 Scheduel A, Part IV, Page 5, Section D, Line 2 THe 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 Scheduel A, Part IV, Page 5, Section D, Line 2 Board of EDucation to review their policy and procedures related to these scholarship funds every five years. Scheduel A, Part IV, Page 5, Section E, Line 1c According 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 Scheduel A, Part IV, Page 5, Section E, Line 1c disperses 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. Scheduel A, Part IV, Page 5, Section E, Line 2a Welker 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. true ST VRAIN VALLEY HIGH SCHOOL DISTRICT 395 SOUTH PRATT PKWY LONGMONT CO 80501 846014380 GOV'T 36281 TO PROVIDE FUNDS FOR COLLEGE SCHOLARSHIPS OR LOANS TO GRADUATES OF ST VRAIN VALLEY HIGH SCHOOLS Part I, Line 2 The 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 Part I, Line 2 Welker Educational Scholarship and Loan Fund. EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE 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 EXPLANATION FOR FORM 990, PART XI, LINE 9 CHANGE IS NET ASSETS IS DUE TO 2022 INCOME POSTED IN 2023 $878, 2023 INCOME POSTED IN 2024 ($1456) AND RETURN OF CAPITAL $58