Ora T & Dessie H Lower Memorial Scholarship Fund 2835174010
- Assets
- $731.7k
- Revenue
- $66.0k
- Investments
- $703.8k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1973
- Data as of
- 01/2022
- EIN
- 23-7311043
Organization Overview
Ora T & Dessie H Lower Memorial Scholarship Fund 2835174010 is located in Chicago, IL. The organization was established in 1973. 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. Ora T & Dessie H Lower Memorial Scholarship Fund 2835174010 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 01/2022, Ora T & Dessie H Lower Memorial Scholarship Fund 2835174010 generated $66.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $58.2k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ora T & Dessie H Lower Memorial Scholarship Fund 2835174010 has awarded 153 individual grants totaling $230,500. 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 |
|---|---|---|---|
Jp Morgan Chase Bank N A Trustee | 2 | $18,316 | |
Dr John E Williams Committee | 2 | $0 | |
Michelle Walls Committee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,101 |
| Capital Gain Net Income | $35,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $231 |
| Total Revenue | $65,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,316 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,829 |
| Contributions, gifts, grants paid | $39,350 |
| Total expenses and disbursements | $58,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,996 |
| Savings and temporary cash investments | $20,986 |
| 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 | $52,817 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $731,732 |
| 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, Ora T & Dessie H Lower Memorial Scholarship Fund 2835174010 has awarded $39,350 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ANDERSON FRAZIER PURPOSE: SCHOLARSHIP | $2,000 |
STEPHEN NEWKIRK PURPOSE: SCHOLARSHIP | $1,700 |
KATIE EGIELSKE PURPOSE: SCHOLARSHIP | $1,700 |
KIRAH BANKS PURPOSE: SCHOLARSHIP | $1,700 |
JENNA GEISE PURPOSE: SCHOLARSHIP | $1,450 |
AARON DUNCAN PURPOSE: SCHOLARSHIP | $1,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Foundation For The Realization Of Human Potential Nfp Chicago, IL | $6,540,045 | $5,725,099 |