Russell C And Sylvia B Swinehart Scholarship Fund is located in Mattoon, IL. The organization was established in 1996. 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. Russell C And Sylvia B Swinehart 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 12/2022, Russell C And Sylvia B Swinehart Scholarship Fund generated $792.0 in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $541 |
| Dividends & Interest | $254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $537 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $1,302 |
| Contributions, gifts, grants paid | $400 |
| Total expenses and disbursements | $1,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,220 |
| 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 | $2,501 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,117 |
| 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 |
Over the last fiscal year, Russell C And Sylvia B Swinehart Scholarship Fund has awarded $800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLAIRE CARDINAL PURPOSE: TO ASSIST WITH THE EXPENSES OF HIGHER EDUCATION | $500 |
BROOKE RUPEL PURPOSE: TO ASSIST WITH THE EXPENSES OF HIGHER EDUCATION | $300 |