Montiford And Mary Beck Doupe Scholarship Fund
- Assets
- $1.7m
- Revenue
- $103.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Cherokee, IA
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 26-1774570
Organization Overview
Montiford And Mary Beck Doupe Scholarship Fund is located in Cherokee, IA. 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. Montiford And Mary Beck Doupe 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, Montiford And Mary Beck Doupe Scholarship Fund generated $103.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $71.5k during the year ending 12/2021. While expenses have increased by 4.5% 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.
Since 2020, Montiford And Mary Beck Doupe Scholarship Fund has awarded 20 individual grants totaling $150,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST-SECONDARY SCHOLARSHIPS IN THE AMOUNT OF $7,500.00 EACH WERE AWARDED TO EIGHT (8) RECIPIENTS UPON THEIR GRADUATION FROM HIGH SCHOOL.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,426 |
| Dividends & Interest | $25,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,074 |
| Capital Gain Net Income | $65,074 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $778 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $11,538 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $71,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604 |
| Savings and temporary cash investments | $150,245 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,689,490 |
| 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, Montiford And Mary Beck Doupe Scholarship Fund has awarded $60,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MEREDITH LOVELL PURPOSE: POST-SECONDARY EDUCATION | $7,500 |
CADE ROHWER PURPOSE: POST-SECONDARY EDUCATION | $7,500 |
MATTHEW CUMMINS PURPOSE: POST-SECONDARY EDUCATION | $7,500 |
GRACE ANDERSON PURPOSE: POST-SECONDARY EDUCATION | $7,500 |
SARA LAU PURPOSE: POST-SECONDARY EDUCATION | $7,500 |
TEAGAN SLAUGHTER PURPOSE: POST-SECONDARY EDUCATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
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 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |