Michels Corporation Scholarship Fund Inc
- Assets
- $219.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brownsville, WI
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-0593904
Organization Overview
Michels Corporation Scholarship Fund Inc is located in Brownsville, WI. The organization was established in 2010. 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. Michels Corporation Scholarship Fund Inc 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, Michels Corporation Scholarship Fund Inc generated $91.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $65.1k during the year ending 12/2021. While expenses have increased by 17.3% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FUND PROVIDES COLLEGE SCHOLARSHIPS TO INDIVIDUALS BASED ON AN APPLICATION PROCESS. IT AWARDED 15 SCHOLARSHIPS DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick D Michels Vice Pres/sec/dir | 1 | $0 | |
Marysue C Michels Pres/treas/dir | 2 | $0 | |
Michelle M Finn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,251 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,807 |
| Other Revenue | $0 |
| Total Revenue | $91,835 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,924 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $192 |
| Total expenses | $65,116 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $219,797 |
| Other assets | $0 |
| Total assets | $219,797 |
| Total liabilities | $0 |
| Net assets or fund balances | $219,797 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michels Corporation Scholarship Fund Inc has recieved totaling $583.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $583 |
Peer Organizations
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|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
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Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |