Calvin And Juanita Ritchey Whitlock Education Foundation Under Agreem
- Assets
- $2.8m
- Revenue
- $325.1k
- Investments
- $396.5k
- Employees
- 0
- Location
- Jerseyville, IL
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-1626967
Organization Overview
Calvin And Juanita Ritchey Whitlock Education Foundation Under Agreem is located in Jerseyville, IL. 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. Calvin And Juanita Ritchey Whitlock Education Foundation Under Agreem 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, Calvin And Juanita Ritchey Whitlock Education Foundation Under Agreem generated $325.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $218.2k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPLICANT MAY RECEIVE NO MORE THAN $3,000 IN SCHOLARSHIP FUNDS FOR ANY GIVEN SCHOOL YEAR ( FALL SEMESTER $1,500 AND SPRING SEMESTER $1,500 ) FOR A TOTAL OF $6,000 DURING THE FOUR SEMESTERS ATTENDING LCCC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Lorton Advisory Cmmtte | 1 | $0 | |
Jason Brunaugh Advisory Cmmtte | 1 | $0 | |
Mark Bearley Advisory Cmmtte | 1 | $0 | |
Mark Schaefer Advisory Cmmtte | 1 | $0 | |
Ken Trzaska Advisory Cmmtte | 1 | $0 | |
Jersey State Bank Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $322 |
| Dividends & Interest | $13,448 |
| Net Rental Income | $203,961 |
| Net Gain on Sale of Assets | $8,697 |
| Capital Gain Net Income | $8,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $325,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,040 |
| Depreciation | $6,932 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91,813 |
| Total operating and administrative expenses | $131,497 |
| Contributions, gifts, grants paid | $86,673 |
| Total expenses and disbursements | $218,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,602 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,159,640 |
| Other assets | $0 |
| Total assets | $2,842,755 |
| 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 |