Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280
- Assets
- $769.3k
- Revenue
- $9.8k
- Investments
- $740.1k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/1998
- Data as of
- 02/2024
- EIN
- 38-3384181
Organization Overview
Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 is located in Detroit, MI. The organization was established in 1998. 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. Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 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 02/2024, Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 generated $9.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $72.8k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 has awarded 166 individual grants totaling $662,047. 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 |
|---|---|---|---|
Name Not Listed Trustee | 1 | $7,030 | |
Sharon Fitzgerald Board Of Managers | 1 | $200 | |
Josh Englehart Board Of Managers | 1 | $200 | |
Juan Antunez Board Of Managers | 1 | $100 | |
Byron Hopkins Board Of Managers | 1 | $250 | |
Domenic Wlodyka Board Of Managers | 1 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $273 |
| Dividends & Interest | $27,079 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,216 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,673 |
| Total Revenue | $9,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,230 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $717 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,334 |
| Contributions, gifts, grants paid | $50,500 |
| Total expenses and disbursements | $72,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,173 |
| 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 | $769,293 |
| 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, Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 has awarded $50,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CUYAHOGA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $2,500 |
COLUMBIA UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,500 |
WHEATON COLLEGE PURPOSE: SCHOLARSHIPS | $2,000 |
COLBY COLLEGE PURPOSE: SCHOLARSHIPS | $1,500 |
UNIVERSITY OF CINCINNATI PURPOSE: SCHOLARSHIPS | $3,000 |
OHIO STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $12,000 |