Sumner O Hancock Scholarship Fund
- Assets
- $373.3k
- Revenue
- $35.3k
- Investments
- $363.0k
- Employees
- 0
- Location
- Casco, ME
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 01-6028898
Organization Overview
Sumner O Hancock Scholarship Fund is located in Casco, ME. The organization was established in 1994. 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. Sumner O Hancock 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, Sumner O Hancock Scholarship Fund generated $35.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $38.1k during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 8 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 2015, Sumner O Hancock Scholarship Fund has awarded 142 individual grants totaling $150,400. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoffrey Hancock President | 1 | $0 | |
Stephen A Edwards Vice President | 1 | $0 | |
K Matthew Hancock Treasurer | 1 | $0 | |
Jeff Hall Clerk | 1 | $0 | |
Dustin Hancock Trustee | 1 | $0 | |
Tracy Hancock Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,622 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $274 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,440 |
| Contributions, gifts, grants paid | $28,700 |
| Total expenses and disbursements | $38,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,271 |
| 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 | $19,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $373,261 |
| 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, Sumner O Hancock Scholarship Fund has awarded $28,700 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALEAH WARREN PURPOSE: SCHOLARSHIP | $1,500 |
DANIEL BREWER PURPOSE: SCHOLARSHIP | $1,000 |
ABIGAIL ELSAESSER PURPOSE: SCHOLARSHIP | $1,500 |
DEREK LANGADAS PURPOSE: SCHOLARSHIP | $1,000 |
ELLE HALL PURPOSE: SCHOLARSHIP | $1,500 |
EMMITT HERRICK PURPOSE: SCHOLARSHIP | $1,500 |