Founces M Luley Scholarship And Educational Fund Union Savings & T
- Assets
- $744.1k
- Revenue
- $72.2k
- Investments
- $712.8k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1977
- Data as of
- 12/2023
- EIN
- 34-6672173
Organization Overview
Founces M Luley Scholarship And Educational Fund Union Savings & T is located in Chicago, IL. The organization was established in 1977. 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. Founces M Luley Scholarship And Educational Fund Union Savings & T 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 12/2023, Founces M Luley Scholarship And Educational Fund Union Savings & T generated $72.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $57.7k during the year ending 12/2023. While expenses have increased by 2.4% 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 2018, Founces M Luley Scholarship And Educational Fund Union Savings & T has awarded 70 individual grants totaling $241,670. 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 | $24,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,873 |
| Capital Gain Net Income | $46,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $401 |
| Total Revenue | $72,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,392 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $15,404 |
| Contributions, gifts, grants paid | $42,250 |
| Total expenses and disbursements | $57,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,319 |
| Savings and temporary cash investments | $15,920 |
| 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 | $47,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $744,070 |
| 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, Founces M Luley Scholarship And Educational Fund Union Savings & T has awarded $42,250 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETH EUCKER PURPOSE: SCHOLARSHIP | $5,285 |
MADELYN MOSS PURPOSE: SCHOLARSHIP | $5,285 |
DALTON STOOPS PURPOSE: SCHOLARSHIP | $5,285 |
CHRISTIAN DARRIN PURPOSE: SCHOLARSHIP | $5,285 |
JOHN WALDMAN PURPOSE: SCHOLARSHIP | $4,000 |
NOELLE DELGARBINO PURPOSE: SCHOLARSHIP | $3,000 |