Robert A Schuele Scholarship Fundinc
- Assets
- $252.7k
- Revenue
- $185.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Royal Oak, MI
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 20-5032806
Organization Overview
Robert A Schuele Scholarship Fundinc is located in Royal Oak, MI. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert A Schuele Scholarship Fundinc 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 12/2022, Robert A Schuele Scholarship Fundinc generated $185.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $178.8k during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 6 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.
Since 2017, Robert A Schuele Scholarship Fundinc has awarded 85 individual grants totaling $508,259. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENDING YOUNG PEOPLE TO COLLEGE WHOM WOULD NOT NORMALLY BE ABLE TO AFFORD TO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barton Tinsley Director | 2 | $0 | |
Thomas Violante Director | 2 | $0 | |
Bernie Ronnisch Director | 2 | $0 | |
Scott Steigerwald Director | 2 | $0 | |
Christopher Levois Director | 2 | $0 | |
David Lychuck Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $418 |
| Interest on Savings | $72 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $185,155 |
| Total Revenue | $185,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,849 |
| Total operating and administrative expenses | $76,849 |
| Contributions, gifts, grants paid | $101,974 |
| Total expenses and disbursements | $178,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,701 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $252,701 |
| 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, Robert A Schuele Scholarship Fundinc has awarded $101,974 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CARRISA CLARK PURPOSE: TUITION, BOOKS, SUPPLIES | $38,410 |
GRACE JULES ROST PURPOSE: TUITION, BOOKS, SUPPLIES | $22,190 |
DONOVAN JOHNSON PURPOSE: TUITION, BOOKS, SUPPLIES | $2,110 |
CARIA TAYLOR PURPOSE: TUITION, BOOKS, SUPPLIES | $16,005 |
SHELBY WILLIAMS PURPOSE: TUITION, BOOKS, SUPPLIES | $1,414 |
MADISON BOYD PURPOSE: TUITION, BOOKS, SUPPLIES | $3,004 |