Mitchell Community Scholarship Fund Inc
- Assets
- $836.8k
- Revenue
- $121.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Mitchell, SD
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 46-4062329
Organization Overview
Mitchell Community Scholarship Fund Inc is located in Mitchell, SD. The organization was established in 2002. 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. Mitchell Community 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, Mitchell Community Scholarship Fund Inc generated $121.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $50.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS TOWARDS POST-SECONDARY EDUCATION FOR EVERY GRADUATE OF MITCHELL SCHOOL DISTRICT AND MITCHELL CHRISTIAN SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS RANGING FROM 600 - 650 TO GRADUATES FROM MITCHELL PUBLIC SCHOOLS AND MITCHELL CHRISTIAN SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Harrington Vice Preside | Officer | $0 | |
Mary Ann Lulewicz Secretary | Officer | $0 | |
Marla Smith Treasurer | Officer | $0 | |
Linda Deinert President | Officer | $0 | |
Deb Olson Director | Trustee | $0 | |
Julie Brookbank Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,627 |
| Total Program Service Revenue | $0 |
| Investment income | $18,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,745 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,525 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,685 |
| Fees for services: Other | $0 |
| Advertising and promotion | $397 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $50,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $95,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $740,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $836,777 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $836,777 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $836,777 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mitchell Community Scholarship Fund Inc has recieved totaling $1,508.
| Awarding Organization | Amount |
|---|---|
Abbvie Foundation North Chicago, IL PURPOSE: MATCHING GRANTS | $1,508 |
Endowment Analysis
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 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
The Hawks Foundation Omaha, NE | $219,357,783 | $65,081,612 |
Childrens Scholarship Fund Of Omaha Omaha, NE | $2,892,431 | $2,351,847 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Bright Foundation Urbandale, IA | $34,336,186 | $806,138 |