Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund
- Assets
- $401.6k
- Revenue
- $81.5k
- Investments
- $356.8k
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 07/1993
- Data as of
- 05/2023
- EIN
- 34-1668082
Organization Overview
Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund is located in Toledo, OH. The organization was established in 1993. 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. Ray T Kest Old Newsboys Goodfellow 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 05/2023, Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund generated $81.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $82.3k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund has awarded 93 individual grants totaling $236,153. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS IN THE TOLEDO AREA WERE GRANTED SCHOLORHSIPS TO ASSIST THEM IN THE PURSUIT OF HIGHER EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Melms Treasurer | 0 | $0 | |
Ron Shnider Chairman | 1 | $0 | |
Dave Willaims Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,804 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,125 |
| Capital Gain Net Income | $11,125 |
| Net ST Capital Gain | $11,125 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,495 |
| Total operating and administrative expenses | $5,089 |
| Contributions, gifts, grants paid | $77,213 |
| Total expenses and disbursements | $82,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,798 |
| 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 | $401,628 |
| 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, Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund has awarded $77,213 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALEJANDRO CASTILLO PURPOSE: SCHOLORSHIP | $606 |
ANDREW KISH PURPOSE: SCHOLORSHIP | $2,900 |
ANGEL JUHASZ PURPOSE: SCHOLORSHIP | $1,035 |
BENICIO BONILLA PURPOSE: SCHOLORSHIP | $1,183 |
DAJ ABDEL-KHALIG PURPOSE: SCHOLORSHIP | $700 |
EMMA GILLIS PURPOSE: SCHOLORSHIP | $1,405 |