Loretta A Wells Nursing Scholarship
- Assets
- $1.4m
- Revenue
- $103.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1983
- Data as of
- 07/2022
- EIN
- 39-6364734
Organization Overview
Loretta A Wells Nursing Scholarship is located in Chicago, IL. The organization was established in 1983. 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. Loretta A Wells Nursing Scholarship 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 07/2022, Loretta A Wells Nursing Scholarship generated $103.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $109.5k during the year ending 07/2022. While expenses have increased by 6.6% per year over the past 4 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 2018, Loretta A Wells Nursing Scholarship has awarded 115 individual grants totaling $280,575. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,579 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,983 |
| Capital Gain Net Income | $44,983 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,299 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,088 |
| Contributions, gifts, grants paid | $75,441 |
| Total expenses and disbursements | $109,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075 |
| Savings and temporary cash investments | $13,753 |
| 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 | $83,637 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,389,417 |
| 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, Loretta A Wells Nursing Scholarship has awarded $75,441 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA BURBEY PURPOSE: SCHOLARSHIP | $1,131 |
KATHLEEN JOHNSON PURPOSE: SCHOLARSHIP | $6,306 |
KRISTEN GENDRON PURPOSE: SCHOLARSHIP | $5,500 |
TAMMY MOUA PURPOSE: SCHOLARSHIP | $5,000 |
CALI LUECKE PURPOSE: SCHOLARSHIP | $4,000 |
YASMINE PLASCENCIA PURPOSE: SCHOLARSHIP | $4,000 |