Hank Willoughby Scholarship Foundation Inc
- Assets
- $4.1m
- Revenue
- $396.7k
- Investments
- $3.6m
- Employees
- 0
- Location
- Millsboro, DE
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 77-0650416
Organization Overview
Hank Willoughby Scholarship Foundation Inc is located in Millsboro, DE. The organization was established in 2005. 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. Hank Willoughby Scholarship Foundation 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, Hank Willoughby Scholarship Foundation Inc generated $396.7k in total revenue. All expenses for the organization totaled $194.2k during the year ending 12/2021. While expenses have increased by 67.0% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert V Price Jr President | 0.5 | $0 | |
Jane Grove Vice President | 0.5 | $0 | |
Arnold L Yochelson Judge Tresurer | 0.05 | $0 | |
Sharon Walter Director | 0.05 | $0 | |
Kathryn M Zabriskie Secretary | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $376,558 |
| Interest on Savings | $4,224 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,917 |
| Total Revenue | $396,699 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $796 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,094 |
| Total operating and administrative expenses | $4,240 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $194,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,139 |
| Savings and temporary cash investments | $412,724 |
| 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 | $34,561 |
| Investments—other | $3,524,992 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,072,416 |
| 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, Hank Willoughby Scholarship Foundation Inc has awarded $130,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CSM FOUNDATION PURPOSE: COLLEGE SCHORSHIPS | $125,000 |
THE ENGLISH AS A SECOND LANGUAGE PROGRAM PURPOSE: PROGRAM TO ASSIST ADULT WITH LANUAGE PROFICIENCY, LIFE SKILLSAND SELF-CONFIDENCE. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Enoch Trust Pennington, NJ | $132,750,633 | $20,236,013 |