John R Williams Memorial Scholarship Fund
- Assets
- $301.1k
- Revenue
- $47.7k
- Investments
- $273.3k
- Employees
- 0
- Location
- Hemet, CA
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 33-0718114
Organization Overview
John R Williams Memorial Scholarship Fund is located in Hemet, CA. The organization was established in 1997. 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. John R Williams Memorial 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 12/2023, John R Williams Memorial Scholarship Fund generated $47.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $40.2k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 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 2014, John R Williams Memorial Scholarship Fund has awarded 186 individual grants totaling $268,001. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO STUDENTS IN NEED IN THE HEMET - SAN JACINTO, CALIFORNIA VALLEY: $48,000 WAS AWARDED TO 8 INDIVIDUAL STUDENTS IN THE HEMET - SANJACINTO VALLLEY PAYABLE EVENLY OVER 4 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Graff President | 0 | $0 | |
Tracey Hansen Board Member | 0 | $0 | |
Kati Casey Board Member | 0 | $0 | |
Carol Lee Hagans Board Memeber | 0 | $0 | |
Cyndi Lempke Secretary | 0 | $0 | |
Guillermo Alcazar Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $16,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,191 |
| Capital Gain Net Income | $31,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $368 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $814 |
| Total operating and administrative expenses | $2,167 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $40,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,436 |
| Savings and temporary cash investments | $1,323 |
| 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 | $1 |
| Total assets | $301,095 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $81,500 |
| 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 | $81,500 |
Grants Awarded
Over the last fiscal year, John R Williams Memorial Scholarship Fund has awarded $34,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ARDEN HOCK PURPOSE: SCHOLARSHIP - HIGHER EDUCATION | $1,500 |
KIMBERLY TORRES PURPOSE: SCHOLARSHIP - HIGHER EDUCATION | $1,500 |
MEHAK SHAHZAD PURPOSE: HIGHER EDUCATION | $1,500 |
CHRISTOPHER CLAY BUCHANAN PURPOSE: SCHOLARSHIP - HIGHER EDUCATION | $1,500 |
JAZLYN HERNANDEZ PURPOSE: SCHOLARSHIP - HIGHER EDUCATION | $1,500 |
FREDDY AGUIRRE SOLORIO PURPOSE: SCHOLARSHIP - HIGHER EDUCATION | $1,500 |