William Scheid Fund For A Better Future
- Assets
- $89.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 02/2016
- Data as of
- 12/2020
- EIN
- 47-5419512
Organization Overview
William Scheid Fund For A Better Future is located in Bloomington, MN. The organization was established in 2016. 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. William Scheid Fund For A Better Future 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 12/2020, William Scheid Fund For A Better Future generated $39.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.4% each year .
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
PROVISION OF FUNDING TO COLEGIO ANTIGUA TO PROVIDE SCHOLARSHIP FUNDING FOR WORTHY & POOR STUDENTS OF ANTIGUA TO PROVIDE EDUCATION BEYOND GRADE SIX. THIS CONSTITUTED 100% OF ALL EXPENDITURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Monson Director | 0 | $0 | |
John Scheid President | 0 | $0 | |
Eileen Kelly Treasurer | 1 | $0 | |
James Moroney Vice President | 0 | $0 | |
Joshua Vought Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,550 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,550 |
| 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 | $434 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $309 |
| Total expenses | $10,025 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,950 |
| Other assets | $0 |
| Total assets | $88,950 |
| Total liabilities | $0 |
| Net assets or fund balances | $88,950 |