Austin Community Scholarship Committee
- Assets
- $437.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, MN
- Founding
- 09/1963
- Data as of
- 12/2021
- EIN
- 41-6020807
Organization Overview
Austin Community Scholarship Committee is located in Austin, MN. The organization was established in 1963. 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. Austin Community Scholarship Committee 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 12/2021, Austin Community Scholarship Committee generated $82.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $86.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS TO ASSIST THEM IN PAYING THE EXPENSES OF HIGHER EDUCATION (43 STUDENTS)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Holst Asst. Sec. Treasurer | 1 | $599 | |
Brooks Holton Director | 0.1 | $0 | |
Thomas Sherman Director | 0.1 | $0 | |
Scott Richardson Director | 0.1 | $0 | |
Sharon Alms Director | 0.1 | $0 | |
Eric Vaughn Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,886 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,900 |
| Gain or Loss | $24,238 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,024 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $599 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,998 |
| Total expenses | $86,897 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $437,549 |
| Other assets | $0 |
| Total assets | $437,549 |
| Total liabilities | $0 |
| Net assets or fund balances | $437,549 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Austin Community Scholarship Committee has recieved totaling $25,400.
| Awarding Organization | Amount |
|---|---|
The Hormel Foundation Austin, MN PURPOSE: Scholarships | $25,000 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: EDUCATION | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
Hemophilia Outreach Of Wisconsin Inc Green Bay, WI | $38,605,342 | $5,343,718 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Delta Dental Of Wisconsin Foundation Inc Stevens Point, WI | $16,778,803 | $4,566,346 |