Frankfort Scholarship Fund
- Assets
- $1.4m
- Revenue
- -$55.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Frankfort, MI
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 38-6068228
Organization Overview
Frankfort Scholarship Fund is located in Frankfort, MI. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankfort 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.
Since 2018, Frankfort Scholarship Fund has awarded 112 individual grants totaling $268,750. 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
THE FOUNDATION'S SOLE PURPOSE IS TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO ARE RESIDENTS OF THE FRANKFORT SCHOOL DISTRICT FOR AND TOWARD ATTENDANCE AT SCHOOL AT THE COLLEGE LEVEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Twigg Director | 0 | $0 | |
Damon Tondu Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $333 |
| Dividends & Interest | $16,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$72,844 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$55,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $178 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,383 |
| Total operating and administrative expenses | $34,723 |
| Contributions, gifts, grants paid | $52,500 |
| Total expenses and disbursements | $87,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,729 |
| Savings and temporary cash investments | $49,058 |
| 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 | $1,381,659 |
| 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, Frankfort Scholarship Fund has awarded $52,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUST PASCHE PURPOSE: COLLEGE TUITION | $2,500 |
CORA SCOTT PURPOSE: COLLEGE TUITION | $2,500 |
ALDRIDGE CICCHIELLI PURPOSE: COLLEGE TUITION | $2,500 |
ELLA LARSEN PURPOSE: COLLEGE TUITION | $2,500 |
HALEY MYERS PURPOSE: COLLEGE TUITION | $2,500 |
JACK REZNICH PURPOSE: COLLEGE TUITION | $2,500 |