Joseph & Betty Prohaska Scholarship Foundation
- Assets
- $143.5k
- Revenue
- $44.7k
- Investments
- $137.0k
- Employees
- 0
- Location
- Medford, WI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 39-1712984
Organization Overview
Joseph & Betty Prohaska Scholarship Foundation is located in Medford, WI. The organization was established in 0000. 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.
For the year ending 12/2022, Joseph & Betty Prohaska Scholarship Foundation generated $44.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $26.1k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joseph & Betty Prohaska Scholarship Foundation has awarded 71 individual grants totaling $136,250. 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
SCHOLARSHIPS GRANTED TO TWO DESERVING STUDENTS GRADUATING FROM MEDFORD SENIOR HIGH SCHOOL (8 RECIPIENTS IN CURRENT YEAR)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicolet Wealth Management Trustee | 1 | $1,890 | |
Principal Of Medford High School Selection Committee | 0 | $0 | |
Joshua Prohaska Selection Committee | 0 | $0 | |
Paul Prohaska Selection Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,632 |
| Capital Gain Net Income | $40,632 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61 |
| Total Revenue | $44,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,890 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,500 |
| Total operating and administrative expenses | $26,074 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $26,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,571 |
| Savings and temporary cash investments | $0 |
| 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 | $143,532 |
| 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, Joseph & Betty Prohaska Scholarship Foundation has awarded $13,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CASSANDRA POEHLER PURPOSE: SCHOLARSHIP | $1,250 |
RICHARD COLWELL PURPOSE: SCHOLARSHIP | $1,250 |
BENJAMIN LINDGREN PURPOSE: SCHOLARSHIP | $2,500 |
CARLOS HERRADA PURPOSE: SCHOLARSHIP | $1,250 |
ELIZABETH NOLAND PURPOSE: SCHOLARSHIP | $2,500 |
ALLIE GRIPENTROG PURPOSE: SCHOLARSHIP | $1,250 |