Elburn Scholarship Fund
- Assets
- $0.0
- Revenue
- $13.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wheaton, IL
- Founding
- 04/1987
- Data as of
- 12/2023
- EIN
- 36-3366640
Organization Overview
Elburn Scholarship Fund is located in Wheaton, IL. The organization was established in 1987. 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. Elburn 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 12/2023, Elburn Scholarship Fund generated $13.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elburn Scholarship Fund has awarded 60 individual grants totaling $1,158,836. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald G Westlake President | 1 | $0 | |
Geordan L Capes Treasurer | 1 | $0 | |
Dawn Westlake Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,186 |
| Dividends & Interest | $15,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,289 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,384 |
| Total Revenue | $13,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,718 |
| Contributions, gifts, grants paid | $990,836 |
| Total expenses and disbursements | $1,002,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Elburn Scholarship Fund has awarded $990,836 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MORGAN MILLER PURPOSE: EDUCATION | $3,000 |
ALEXIS R NESCI PURPOSE: EDUCATION | $3,000 |
KARA MURPHY PURPOSE: EDUCATION | $3,000 |
ANNIKA T SALCHERT PURPOSE: EDUCATION | $3,000 |
ANDREW T STOVER PURPOSE: EDUCATION | $3,000 |
KATELYN SCHULTZ PURPOSE: EDUCATION | $4,000 |