Frances E Perry Tr Fund Nect
- Assets
- $302.1k
- Revenue
- $64.2k
- Investments
- $298.8k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 01-6031448
Organization Overview
Frances E Perry Tr Fund Nect is located in Brooklyn, OH. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frances E Perry Tr Fund Nect is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Frances E Perry Tr Fund Nect generated $64.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $20.1k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keybank National Association Trustee | 1 | $4,000 | |
Jay Foster Schlr Comm Member | 1 | $0 | |
Jim Potter West Bay Rtry Schl Comm Schlr Comm Chair | 1 | $0 | |
Harry Mik Mikkelsen Schlr Comm Member | 1 | $0 | |
Maria Libby Schlr Comm Member | 1 | $0 | |
Roberta Smith Schlr Comm Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,825 |
| Capital Gain Net Income | $60,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,333 |
| Contributions, gifts, grants paid | $14,750 |
| Total expenses and disbursements | $20,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,293 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $298,809 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $302,102 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Frances E Perry Tr Fund Nect has awarded $14,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: SCHOLARSHIP | $2,500 |
Boston, MA PURPOSE: SCHOLARSHIP | $2,500 |
COLBY COLLEGE PURPOSE: SCHOLARSHIP | $2,500 |
Milton, MA PURPOSE: SCHOLARSHIP | $2,500 |
UNIVERSITY OF SOUTHERN MAINE PURPOSE: SCHOLARSHIP | $2,500 |
Fort Kent, ME PURPOSE: SCHOLARSHIP | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Pittsburgh Jewish Educational Improvement Foundation Pittsburgh, PA | $252,999 | $3,355,550 |