Elgin Mahle Scholarship Trust Fund
- Assets
- $881.9k
- Revenue
- $50.7k
- Investments
- $852.5k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 37-6144502
Organization Overview
Elgin Mahle Scholarship Trust Fund is located in Chicago, IL. The organization was established in 2010. 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. Elgin Mahle Scholarship Trust 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, Elgin Mahle Scholarship Trust Fund generated $50.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $60.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Elgin Mahle Scholarship Trust Fund has awarded 69 individual grants totaling $304,682. 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 | $28,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,393 |
| Capital Gain Net Income | $21,393 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $399 |
| Total Revenue | $50,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,307 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $511 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $17,833 |
| Contributions, gifts, grants paid | $43,060 |
| Total expenses and disbursements | $60,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,727 |
| Savings and temporary cash investments | $14,657 |
| 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 | $51,101 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $881,920 |
| 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, Elgin Mahle Scholarship Trust Fund has awarded $43,060 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LINDLEY JOHNSTON PURPOSE: SCHOLARSHIP | $4,306 |
BRETT J BROWNING PURPOSE: SCHOLARSHIP | $4,306 |
SARAH P FAIRFIELD PURPOSE: SCHOLARSHIP | $4,306 |
OLIVIA HOPP PURPOSE: SCHOLARSHIP | $4,306 |
GRACE N RUMBOLD PURPOSE: SCHOLARSHIP | $4,306 |
KYLIE SALISBURY PURPOSE: SCHOLARSHIP | $4,306 |