Russ Thomas Scholarship Fund
- Assets
- $830.7k
- Revenue
- $117.9k
- Investments
- $777.5k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 02/1992
- Data as of
- 11/2022
- EIN
- 38-2984958
Organization Overview
Russ Thomas Scholarship Fund is located in Bloomfield Hills, MI. The organization was established in 1992. 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. Russ Thomas 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 11/2022, Russ Thomas Scholarship Fund generated $117.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $100.7k during the year ending 11/2022. While expenses have increased by 3.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Russ Thomas Scholarship Fund has awarded 116 individual grants totaling $518,750. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Thomas Jr Trustee | 0 | $0 | |
James Thomas Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,112 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,043 |
| Depreciation | $0 |
| Occupancy | $6,623 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,024 |
| Total operating and administrative expenses | $14,690 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $100,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,214 |
| 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 | $830,739 |
| 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, Russ Thomas Scholarship Fund has awarded $86,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER DAHER PURPOSE: PRIVATE SCHOLARSHIP GRANT | $7,500 |
MARISOL RODRIGUEZ PURPOSE: PRIVATE SCHOLARSHIP GRANT | $7,500 |
TYLER HIEBER PURPOSE: PRIVATE SCHOLARSHIP GRANT | $7,500 |
MIRANDA SCHWOCHO PURPOSE: PRIVATE SCHOLARSHIP GRANT | $6,500 |
TYSON WISNER PURPOSE: PRIVATE SCHOLARSHIP GRANT | $6,500 |
VICTORIA LONG PURPOSE: PRIVATE SCHOLARSHIP GRANT | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Russ Thomas Scholarship Fund has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Wisne Charitable Foundation Novi, MI PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |