Martin Scholarship Fund
- Assets
- $1.2m
- Revenue
- -$89.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Pontiac, IL
- Founding
- 10/2005
- Data as of
- 03/2024
- EIN
- 37-1496025
Organization Overview
Martin Scholarship Fund is located in Pontiac, IL. The organization was established in 2005. 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. Martin 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.
Since 2021, Martin Scholarship Fund has awarded 112 individual grants totaling $546,000. 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 |
|---|---|---|---|
Jane Lehmann Chairman | 0.5 | $0 | |
Candace H Lhotka Treasurer | 0.5 | $0 | |
Michael Dwyer Trustee | 0 | $0 | |
Debra S Cagley Secretary | 0 | $0 | |
Sandra Erickson Vice-Chairman | 0 | $0 | |
Jaime Wykes Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $29,370 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$119,087 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$89,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,015 |
| Total operating and administrative expenses | $62,374 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $62,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,693 |
| 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 | $1,671 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,150,441 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,171,805 |
| Accounts payable and accrued expenses | $1,950 |
| Grants payable | $62,000 |
| 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 | $63,950 |
Grants Awarded
Over the last fiscal year, Martin Scholarship Fund has awarded $122,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
SYDNEY GRAGERT PURPOSE: COLLEGE SCHOLARSHIP | $7,000 |
ABIGAIL MATERN PURPOSE: COLLEGE SCHOLARSHIP | $7,000 |
ALYSSA FOX PURPOSE: COLLEGE SCHOLARSHIP | $7,000 |
GRACE MUND PURPOSE: COLLEGE SCHOLARSHIP | $7,000 |
MARLEY NOLES PURPOSE: COLLEGE SCHOLARSHIP | $7,000 |
KOBE FOX PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |