Louis Cunningham Scholarship Foundation
- Assets
- $62.6k
- Revenue
- $5.8k
- Investments
- $45.4k
- Employees
- 0
- Location
- Troy, MI
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 38-3197360
Organization Overview
Louis Cunningham Scholarship Foundation is located in Troy, MI. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis Cunningham Scholarship Foundation 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, Louis Cunningham Scholarship Foundation generated $5.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Mckanders President | 0 | $0 | |
Walter Watkins Jr Vice-President/treasurer | 0 | $0 | |
Louis E Cunningham Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $2,937 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,816 |
| Capital Gain Net Income | $2,816 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,491 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $4,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,157 |
| Net Accounts receivable | $13,111 |
| 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 | $62,620 |
| 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, Louis Cunningham Scholarship Foundation has awarded $3,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATE CHRIST MEDICAL CENTER-IMO JAMES R COUCH JR PURPOSE: CONTRIBUTION | $500 |
CHARLES CAINE III CO SOUTHERN UTAH PURPOSE: SCHOLARSHIP | $2,500 |