The@lavere Leonard And Gladys Loraine Chase Scholarship Fund
- Assets
- $676.3k
- Revenue
- $32.1k
- Investments
- $652.6k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/2009
- Data as of
- 10/2024
- EIN
- 20-6975298
Organization Overview
The@lavere Leonard And Gladys Loraine Chase Scholarship Fund is located in Detroit, MI. The organization was established in 2009. 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. The@lavere Leonard And Gladys Loraine Chase 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 10/2024, The@lavere Leonard And Gladys Loraine Chase Scholarship Fund generated $32.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $66.4k during the year ending 10/2024. While expenses have increased by 4.1% per year over the past 7 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, The@lavere Leonard And Gladys Loraine Chase Scholarship Fund has awarded 125 individual grants totaling $312,724. 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 | $19,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,295 |
| Capital Gain Net Income | $12,295 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,398 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,443 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $66,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,699 |
| 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 | $652,573 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $676,272 |
| 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, The@lavere Leonard And Gladys Loraine Chase Scholarship Fund has awarded $44,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ROBERT MORRIS UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
BETHEL UNIVERSITY INC PURPOSE: SCHOLARSHIP | $1,100 |
UNIVERSITY PARK - SOUTHERN ILLINOIS PURPOSE: SCHOLARSHIP | $1,100 |
KALAMAZOO COLLEGE PURPOSE: SCHOLARSHIP | $2,500 |
ALBION COLLEGE PURPOSE: SCHOLARSHIP | $1,100 |
MONTCALM COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $2,500 |