Bill Simon Memorial Scholarship Foundation is located in Wichita, KS. The organization was established in 2018. 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. Bill Simon Memorial Scholarship Foundation 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, Bill Simon Memorial Scholarship Foundation generated $76.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.5%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED $92,000 OF SCHOLARSHIPS TO ELIGIBLE FREDDY'S FROZEN CUSTARD EMPLOYEES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Burrus Board Member | 4 | $0 | |
Ben Simon President | 8 | $0 | |
Andrew Thengvall Secretary/treasurer | 8 | $0 | |
Joey Jackson Board Member | 4 | $0 | |
Joe Tigert Board Member | 4 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,563 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $543 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,106 |
| 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 | $3,255 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40 |
| Total expenses | $95,295 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $354,475 |
| Other assets | $0 |
| Total assets | $354,475 |
| Total liabilities | $0 |
| Net assets or fund balances | $354,475 |