Mike & Bev Groeniger College Scholarship Fund
- Assets
- $142.8k
- Revenue
- $49.8k
- Investments
- $73.3k
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 08/2000
- Data as of
- 12/2018
- EIN
- 94-6757910
Organization Overview
Mike & Bev Groeniger College Scholarship Fund is located in Fremont, CA. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations.
For the year ending 12/2018, Mike & Bev Groeniger College Scholarship Fund generated $49.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $499.4k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,198 |
| Capital Gain Net Income | $41,198 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44 |
| Total operating and administrative expenses | $4,194 |
| Contributions, gifts, grants paid | $495,250 |
| Total expenses and disbursements | $499,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,466 |
| 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 | $73,300 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $142,766 |
| 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, Mike & Bev Groeniger College Scholarship Fund has awarded $495,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: DONATION | $467,154 |
CANINE COMPANIONS FOR INDEPENDENCE PURPOSE: DONATION | $3,096 |
STAR STRUCK PRODUCTIONS PURPOSE: PROGRAM SCHOLARSHIP | $25,000 |