Walter & Cecile Borchert Scholarship Fund
- Assets
- $655.6k
- Revenue
- $70.5k
- Investments
- $599.4k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 16-6384392
Organization Overview
Walter & Cecile Borchert Scholarship Fund is located in Buffalo, NY. The organization was established in 1993. 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. Walter & Cecile Borchert 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 12/2021, Walter & Cecile Borchert Scholarship Fund generated $70.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $46.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Walter & Cecile Borchert Scholarship Fund has awarded 30 individual grants totaling $139,174. 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 | $0 |
| Dividends & Interest | $16,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,744 |
| Capital Gain Net Income | $53,744 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $166 |
| Total Revenue | $70,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,104 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $393 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145 |
| Total operating and administrative expenses | $15,142 |
| Contributions, gifts, grants paid | $31,500 |
| Total expenses and disbursements | $46,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,246 |
| 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 | $599,384 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $655,630 |
| 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, Walter & Cecile Borchert Scholarship Fund has awarded $31,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FORDHAM UNIVERSITY PURPOSE: GENERAL | $18,000 |
CAYUGA COMMUNITY COLLEGE PURPOSE: GENERAL | $3,750 |
UNIVERSITY OF MASSACHUSETTS BOSTON PURPOSE: GENERAL | $2,250 |
CORNELL UNIVERSITY PURPOSE: GENERAL | $2,250 |
UNIVERSITY OF VERMONT PURPOSE: SCHOLARSHIP | $2,250 |
SUNY FREDONIA PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |