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Leora and Carlton Hutton Trust

EIN 23-7452614 · Evansville, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceWeak18 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS FROM ZIONSVILLE COMMUNITY HIGH SCHOOL (LOCATED IN BOONE COUNTY, INDIANA) WHO WILL BE ATTENDING A UNIVERSITY, JUNIOR COLLEGE, BUSINESS SCHOOL OR TRADE SCHOOL. THE PURPOSE OF THE TRUST IS TO CREATE FOR STUDENTS OF ZIONSVILLE COMMUNITY HIGH SCHOOL AN OPPORTUNITY TO FUND THEIR HIGHER EDUCATION THROUGH THE USE OF THE INCOME AND CORPUS OF THIS TRUST. ALL SCHOLARSHIP FUNDS ARE PAID BY THE INSTITUTIONAL TRUSTEE DIRECTLY TO SUCH ACCREDITED INSTITUTIONS OF HIGHER LEARNING FOR THE BENEFIT OF AN INDIVIDUAL RECIPIENT'S TUITION, ROOM AND BOARD. NO PAYMENTS ARE MADE TO THE INDIVIDUAL RECIPIENTS PERSONALLY. ANY STUDENT AT ZIONSVILLE COMMUNITY HIGH SCHOOL IS ELIGIBLE TO APPLY FOR THE SCHOLARSHIP SO LONG AS A CURRENT OR FORMER RESIDENT OF EAGLE TOWNSHIP OR _S THE INDIVIDUAL RECIPIENTS TO PARTICIPATE IN THE SCHOLARSHIP PROGRAM. THE TRUST COMMITTEE IS COMPRISED OF UP TO FIVE MEMBERS, INCLUDING THE PRINCIPAL OF ZIONSVILLE COMMUNITY HIGH SCHOOL (PERMANENTLY); TH

Income
$89,976
Spending
$78,223
Spent on programs
73%
Reserves
Over 10 years of spending
Largest source of income
investment income, 100%
Employees
0
Volunteers
4
Highest pay
$20,023, trustee

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 13% of income.

  • Income trend

    5 of 15

    Income fell 17% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 18 out of 100.

  • Independent board

    0 of 25

    0 of 0 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $57,000 spent. SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGES ON BEHALF OF THE RECIPIENTS

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1975.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.