Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280
- Assets
- $892.3k
- Revenue
- $28.7k
- Investments
- $798.2k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/1998
- Data as of
- 02/2022
- 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 02/2022, Charles R Elmer Scholarship Foundation Trust 02 03 322 0583280 generated $28.7k 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 (5.0%) each year. All expenses for the organization totaled $90.8k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 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 156 individual grants totaling $618,547. 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 | $7,823 | |
Kenneth R Reeves Board Of Managers | 1 | $2,252 | |
Juan Antunez Board Of Managers | 1 | $150 | |
Connie Luhta Board Of Managers | 1 | $100 | |
Sharon Fitzgerald Board Of Managers | 1 | $100 | |
Phillip Schar Board Of Managers | 1 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $23,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,795 |
| Capital Gain Net Income | $4,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,575 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,921 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $850 |
| Total operating and administrative expenses | $30,344 |
| Contributions, gifts, grants paid | $60,500 |
| Total expenses and disbursements | $90,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $94,070 |
| 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 | $892,274 |
| 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 $60,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: SCHOLARSHIPS | $12,500 |
Columbus, OH PURPOSE: SCHOLARSHIPS | $10,000 |
THE UNIVERSITY OF AKRON PURPOSE: SCHOLARSHIPS | $5,500 |
OHIO UNIVERSITY PURPOSE: SCHOLARSHIPS | $5,250 |
Berea, OH PURPOSE: SCHOLARSHIPS | $5,000 |
REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: SCHOLARSHIPS | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
John F And Edith L Wilsterman Foundation Flushing, MI | $43,019,363 | $3,159,735 |