Oliver W Storer Scholarship Foundation
- Assets
- $4.6m
- Revenue
- $154.0k
- Investments
- $4.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1955
- Data as of
- 02/2023
- EIN
- 35-6012044
Organization Overview
Oliver W Storer Scholarship Foundation is located in Chicago, IL. The organization was established in 1955. 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. Oliver W Storer Scholarship Foundation 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 02/2023, Oliver W Storer Scholarship Foundation generated $154.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $356.5k during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Oliver W Storer Scholarship Foundation has awarded 195 individual grants totaling $1,428,002. 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 | $165,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,639 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15 |
| Total Revenue | $154,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,591 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,009 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $87,082 |
| Contributions, gifts, grants paid | $269,370 |
| Total expenses and disbursements | $356,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,287 |
| Savings and temporary cash investments | $51,524 |
| 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 | $4,613,850 |
| 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, Oliver W Storer Scholarship Foundation has awarded $269,370 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ELEANOR COOPER PURPOSE: SCHOLARSHIP | $8,545 |
ALEAH WRIGHT PURPOSE: SCHOLARSHIP | $8,545 |
ASHLEIGH BRELAGE PURPOSE: SCHOLARSHIP | $8,545 |
ANTHONY PETITTE PURPOSE: SCHOLARSHIP | $8,545 |
IAN BOWLEY PURPOSE: SCHOLARSHIP | $8,545 |
JACOB NELSON PURPOSE: SCHOLARSHIP | $8,545 |