Le Club Calumet Educational & Literary Foundation

Organization Overview

Le Club Calumet Educational & Literary Foundation, operating under the name Calumet Education Foundation, is located in Augusta, ME. The organization was established in 1967. 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. Calumet Education 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 12/2021, Calumet Education Foundation generated $693.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $214.9k during the year ending 12/2021. While expenses have increased by 26.0% per year over the past 6 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.

Since 2017, Calumet Education Foundation has awarded 105 individual grants totaling $397,450. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AND SCHOLARSHIPS AWARDED TO DESERVING INDIVDUALS TO FURTHER THEIR EDUCATION.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $507,899
Interest on Savings $0
Dividends & Interest $88,024
Net Rental Income$0
Net Gain on Sale of Assets $97,295
Capital Gain Net Income $97,295
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $693,218

Grants Awarded

Over the last fiscal year, Le Club Calumet Educational & Literary Foundation has awarded $196,300 in support to 38 organizations.

Grant RecipientAmount

ABIGAIL PELLETIER UNIVERSITY OF MAINE FARMINGTON

PURPOSE: EDUCATIONAL SCHOLARSHIP

$20,000

OLIVIA TAMBORINI ROCHESTER INSTITUTE OF TECHNOLOGY

PURPOSE: EDUCATIONAL SCHOLARSHIP

$20,000

ERIN RICHARDSON GORDON COLLEGE

PURPOSE: EDUCATIONAL SCHOLARSHIP

$20,000

ANDREW GOODALL SAINT JOSEPH'S COLLEGE

PURPOSE: EDUCATIONAL SCHOLARSHIP

$20,000

EMILY DOUGLAS HUSSON UNIVERSITY

PURPOSE: EDUCATIONAL SCHOLARSHIP

$7,800

OLIVIA HALLEE SCAD

PURPOSE: EDUCATIONAL SCHOLARSHIP

$5,150
View Grant Profile

Endowment Analysis

Beg. Balance$1,024,197
Earnings$36,777
Net Contributions$659,492
Grants$29,900
Ending Balance$1,690,566

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