Hebert Memorial Scholarship Fund
- Assets
- $1.8m
- Revenue
- $57.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 26-2764191
Organization Overview
Hebert Memorial Scholarship Fund is located in Saginaw, MI. The organization was established in 2011. 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. Hebert Memorial Scholarship Fund 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, Hebert Memorial Scholarship Fund generated $57.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $113.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hebert Memorial Scholarship Fund has awarded 241 individual grants totaling $719,800. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,250 |
| Capital Gain Net Income | $35,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,617 |
| Total operating and administrative expenses | $23,103 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $113,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $180,145 |
| 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 | $1,751,059 |
| 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, Hebert Memorial Scholarship Fund has awarded $90,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
HANNAH WENZEL PURPOSE: EDUCATION | $3,000 |
ADAM DEETER PURPOSE: EDUCATION | $3,000 |
MAYA DEMAND PURPOSE: EDUCATION | $3,000 |
HANA PAN PURPOSE: EDUCATION | $3,000 |
AMBER WAGER PURPOSE: EDUCATION | $3,000 |
KAILEE CONLEY PURPOSE: EDUCATION | $3,000 |