Richard G Wood Forreston High School Scholarship Fund
- Assets
- $1.1m
- Revenue
- $20.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 81-6982032
Organization Overview
Richard G Wood Forreston High School Scholarship Fund is located in Rockford, IL. The organization was established in 2019. 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. Richard G Wood Forreston High School Scholarship 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 12/2022, Richard G Wood Forreston High School Scholarship Fund generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $93.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard G Wood Forreston High School Scholarship Fund has awarded 38 individual grants totaling $235,640. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $24,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,455 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,550 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,474 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $27,785 |
| Contributions, gifts, grants paid | $65,760 |
| Total expenses and disbursements | $93,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other | $1,073,967 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,073,967 |
| 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, Richard G Wood Forreston High School Scholarship Fund has awarded $65,760 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN - PLATTEVILLE PURPOSE: SCHOLARSHIP DISTRIBUTION | $14,700 |
Dekalb, IL PURPOSE: SCHOLARSHIP DISTRIBUTION | $10,390 |
Freeport, IL PURPOSE: SCHOLARSHIP DISTRIBUTION | $6,000 |
Rockford, IL PURPOSE: SCHOLARSHIP DISTRIBUTION | $6,000 |
Minneapolis, MN PURPOSE: SCHOLARSHIP DISTRIBUTION | $5,500 |
UNIVERSITY OF WISCONSIN-STEVENS POINT PURPOSE: SCHOLARSHIP DISTRIBUTION | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Foundation For The Realization Of Human Potential Nfp Chicago, IL | $6,540,045 | $5,725,099 |