Ideal Scholarship Foundation
- Assets
- $306.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pequot Lakes, MN
- Founding
- 11/1995
- Data as of
- 12/2017
- EIN
- 41-1607798
Organization Overview
Ideal Scholarship Foundation is located in Pequot Lakes, MN. The organization was established in 1995. 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. Ideal Scholarship Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SCHOLARSHIPS TO THE YOUTH OF IDEAL TOWNSHIP. IN 2017, THREE SCHOLARSHIPS WERE DISBURSED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Schwartz Treasurer | 1 | $0 | |
Vickey Leonard Vice Preside | 1 | $0 | |
John Ehlert Director | 1 | $0 | |
Marie Schmid Director | 1 | $0 | |
Mike Schweiters Director | 1 | $0 | |
Dick Maas President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $34,131 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,631 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,168 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,394 |
| Total expenses | $11,562 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,050 |
| Other assets | $0 |
| Total assets | $306,050 |
| Total liabilities | $0 |
| Net assets or fund balances | $306,050 |
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