Walter & Mabel Fromm Scholarship Trust
- Assets
- $3.3m
- Revenue
- $203.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 01/1976
- Data as of
- 02/2024
- EIN
- 39-6250027
Organization Overview
Walter & Mabel Fromm Scholarship Trust is located in Madison, WI. The organization was established in 1976. 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. Walter & Mabel Fromm 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 02/2024, Walter & Mabel Fromm Scholarship Trust generated $203.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $235.2k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Walter & Mabel Fromm Scholarship Trust has awarded 92 individual grants totaling $1,067,050. 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 |
|---|---|---|---|
Us Bank Na Trustee | 2 | $43,682 | |
Jim Servi Scholarship Committee Member | 0 | $0 | |
Heidi Siebert Preul Scholarship Committee Member | 0 | $0 | |
Shannon Murray Scholarship Committee Member | 0 | $0 | |
Barbara Seeley Scholarship Committee Member | 0 | $0 | |
Faye Greenfield Scholarship Committee Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $102,431 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,468 |
| Capital Gain Net Income | $95,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,530 |
| Total Revenue | $203,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,884 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $62,766 |
| Contributions, gifts, grants paid | $172,400 |
| Total expenses and disbursements | $235,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,484 |
| 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 | $3,198,494 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,257,978 |
| 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, Walter & Mabel Fromm Scholarship Trust has awarded $172,400 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UW-STEVENS POINT PURPOSE: SCHOLARSHIP | $61,304 |
UW-EAU CLAIRE PURPOSE: SCHOLARSHIPS | $24,052 |
CARTHAGE COLLEGE PURPOSE: SCHOLARSHIPS | $12,026 |
ST NORBERT PURPOSE: SCHOLARSHIPS | $8,800 |
UW-STOUT PURPOSE: SCHOLARSHIPS | $12,026 |
UW LA CROSSE PURPOSE: SCHOLARSHIPS | $24,052 |