Minnesota Educational Scholarship Fund Inc
- Assets
- $85.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cottage Grove, MN
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-1462126
Organization Overview
Minnesota Educational Scholarship Fund Inc is located in Cottage Grove, MN. The organization was established in 2014. 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. Minnesota Educational 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, Minnesota Educational Scholarship Fund Inc generated $49.7k 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 (12.3%) each year. All expenses for the organization totaled $47.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Shelum Executive Di | 20 | $0 | |
Gina Cavanagh President | 20 | $0 | |
Nichole Fairbanks Treasurer | 1 | $0 | |
Deb Thompson Secretary | 1 | $0 | |
Charlotte Olein Vice Preside | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,269 |
| Total Program Service Revenue | $15,503 |
| Membership dues | $0 |
| Investment income | $120 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$10,241 |
| Other Revenue | $0 |
| Total Revenue | $49,651 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,239 |
| Total expenses | $47,739 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,796 |
| Other assets | $0 |
| Total assets | $85,510 |
| Total liabilities | $33,837 |
| Net assets or fund balances | $51,673 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Educational Scholarship Fund Inc has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
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|---|---|---|
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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 |
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Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
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