J Hugh & Earle W Fellows Memorial Fund
- Assets
- $11.4m
- Revenue
- $494.5k
- Investments
- $6.8m
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 08/1964
- Data as of
- 04/2023
- EIN
- 59-6132238
Organization Overview
J Hugh & Earle W Fellows Memorial Fund is located in Pensacola, FL. The organization was established in 1964. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J Hugh & Earle W Fellows Memorial Fund 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 04/2023, J Hugh & Earle W Fellows Memorial Fund generated $494.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $184.5k during the year ending 04/2023. While expenses have increased by 7.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUNDS MAJOR PROGRAMS ARE STUDENT LOANS AND STUDENT SCHOLARSHIPS. ALL EXPENSES ARE DIRECTLY OR INDIRECTLY RELATED TO THIS ACTIVITY. LOAN ACTIVITY IS AS FOLLOWS:
NUMBER OF STUDENT LOANS (FYE 4/30/22) 70 STUDENT LOANS TO NEW RECIPIENTS 0 STUDENT LOANS PAID BACK 3
NUMBER OF STUDUENT LOANS (FYE 04/30/23) 67
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patsy Myers Chairman | 2 | $0 | |
Ronald Jackson Vice-Chairman | 2 | $0 | |
Rev Christie Hord Trustee | 2 | $0 | |
Nan Destafney Trustee | 2 | $0 | |
Wayne Willis MD Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $393,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,298 |
| Capital Gain Net Income | $88,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,361 |
| Total Revenue | $494,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,613 |
| Total operating and administrative expenses | $184,484 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $184,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,466 |
| Savings and temporary cash investments | $853,056 |
| 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 | $3,493,224 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,368,223 |
| Accounts payable and accrued expenses | $105 |
| 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 | $105 |