Carroll High School Memorial Scholarship Fund Inc
- Assets
- $83.0k
- Revenue
- $9.2k
- Investments
- $77.3k
- Employees
- 0
- Location
- Carroll, IA
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 42-1168047
Organization Overview
Carroll High School Memorial Scholarship Fund Inc is located in Carroll, IA. The organization was established in 1982. 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. Carroll High School Memorial Scholarship Fund Inc 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, Carroll High School Memorial Scholarship Fund Inc generated $9.2k 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 (17.1%) each year. All expenses for the organization totaled $8.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL INCOME WENT TO SCHOLARSHIPS FOR 10 GRADUATES OF CARROLL HIGH SCHOOL EXCEPT FOR TAXES AND LEGAL FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Fonley Treasurer | 0 | $0 | |
Gene Vincent President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,800 |
| Interest on Savings | $2 |
| Dividends & Interest | $1,740 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,630 |
| Capital Gain Net Income | $5,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $1,543 |
| Contributions, gifts, grants paid | $7,300 |
| Total expenses and disbursements | $8,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,680 |
| 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 | $77,282 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $82,962 |
| 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, Carroll High School Memorial Scholarship Fund Inc has awarded $7,300 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA NELSON PURPOSE: SCHOLARSHIP | $1,750 |
SLADE SIBENALLER PURPOSE: SCHOLARSHIP | $1,750 |
ERIC MALCOLM PURPOSE: SCHOLARSHIP | $1,250 |
LAURA SWEENEY PURPOSE: SCHOLARSHIP | $750 |
CONRAD TOMS PURPOSE: SCHOLARSHIP | $375 |
ERIN OLBERDING PURPOSE: SCHOLARSHIP | $375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |