Laws-Tuell Scholarship Fund
- Assets
- $198.3k
- Revenue
- $19.2k
- Investments
- $193.3k
- Employees
- 0
- Location
- Macomb, IL
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 26-6356001
Organization Overview
Laws-Tuell Scholarship Fund is located in Macomb, IL. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Laws-Tuell 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, Laws-Tuell Scholarship Fund generated $19.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $28.7k during the year ending 12/2022. While expenses have increased by 13.0% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUST AWARDED SCHOLARSHIPS TO FOUR INDIVIDUALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,513 |
| Capital Gain Net Income | $13,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,612 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $4,954 |
| Contributions, gifts, grants paid | $23,710 |
| Total expenses and disbursements | $28,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,005 |
| 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 | $112,997 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $198,299 |
| 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, Laws-Tuell Scholarship Fund has awarded $23,710 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DENNIS DEVLIN PURPOSE: SCHOLARSHIP | $3,660 |
MYA MATUSIK PURPOSE: SCHOLARSHIP | $3,660 |
BRADY SMITH PURPOSE: SCHOLARSHIP | $3,660 |
ASHLYN WARD PURPOSE: SCHOLARSHIP | $3,660 |
AUDREY WARD PURPOSE: SCHOLARSHIP | $3,660 |
GRACE HILL PURPOSE: SCHOLARSHIP | $5,410 |