Clarence & Olive Miksch Richards Scholarship Fund Tr 30111115090400
- Assets
- $537.7k
- Revenue
- $25.4k
- Investments
- $512.0k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 39-6672759
Organization Overview
Clarence & Olive Miksch Richards Scholarship Fund Tr 30111115090400 is located in Milwaukee, WI. The organization was established in 1998. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarence & Olive Miksch Richards Scholarship Fund Tr 30111115090400 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 12/2022, Clarence & Olive Miksch Richards Scholarship Fund Tr 30111115090400 generated $25.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $41.8k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 5 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 2016, Clarence & Olive Miksch Richards Scholarship Fund Tr 30111115090400 has awarded 26 individual grants totaling $112,499. 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 | $15,029 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,387 |
| Capital Gain Net Income | $10,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12 |
| Total Revenue | $25,428 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,469 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,929 |
| Contributions, gifts, grants paid | $30,900 |
| Total expenses and disbursements | $41,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,063 |
| 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 | $512,045 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $580 |
| Total assets | $537,688 |
| 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, Clarence & Olive Miksch Richards Scholarship Fund Tr 30111115090400 has awarded $30,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEAST MISSOURI STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $7,000 |
UNIVERSITY OF IOWA PURPOSE: SCHOLARSHIP | $4,900 |
WILLIAM PENN UNIVERSITY PURPOSE: SCHOLARSHIP | $7,000 |
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $12,000 |