Leonard A & Zelpha E Mckinnon Scholarship Trust
- Assets
- $693.9k
- Revenue
- $58.3k
- Investments
- $684.4k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1987
- Data as of
- 11/2023
- EIN
- 38-6944642
Organization Overview
Leonard A & Zelpha E Mckinnon Scholarship Trust is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Leonard A & Zelpha E Mckinnon Scholarship Trust 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 11/2023, Leonard A & Zelpha E Mckinnon Scholarship Trust generated $58.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $68.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,876 |
| Capital Gain Net Income | $31,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,202 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $869 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,071 |
| Contributions, gifts, grants paid | $52,228 |
| Total expenses and disbursements | $68,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,003 |
| Savings and temporary cash investments | $8,533 |
| 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 | $47,581 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $693,937 |
| 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, Leonard A & Zelpha E Mckinnon Scholarship Trust has awarded $52,228 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KETTERING UNIVERSITY PURPOSE: GENERAL | $26,114 |
UNIVERSITY OF MICHIGAN - FLINT PURPOSE: GENERAL | $26,114 |