Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund
- Assets
- $364.6k
- Revenue
- $76.6k
- Investments
- $310.0k
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 07/1993
- Data as of
- 05/2021
- EIN
- 34-1668082
Organization Overview
Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund is located in Toledo, OH. The organization was established in 1993. 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. Ray T Kest Old Newsboys Goodfellow 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 05/2021, Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund generated $76.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $41.7k during the year ending 05/2021. While expenses have increased by 4.9% per year over the past 3 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 2021, Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund has awarded 37 individual grants totaling $105,769. 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
21 STUDENTS IN THE TOLEDO AREA WERE GRANTED SCHOLARSHIPS TO ASSIST THEM IN THEIR PURSUIT OF HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Williams Secretary | 1 | $0 | |
Cathy Melms Treasurer | 1 | $0 | |
Ron Shinder Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,871 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,188 |
| Capital Gain Net Income | $8,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,618 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,358 |
| Total operating and administrative expenses | $3,458 |
| Contributions, gifts, grants paid | $38,269 |
| Total expenses and disbursements | $41,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,593 |
| Savings and temporary cash investments | $0 |
| 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 | $364,584 |
| 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, Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund has awarded $105,769 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
LURA OLDFIELD PURPOSE: SCHOLARSHIP | $5,000 |
DENASIA STUART PURPOSE: SCHOLARSHIP | $5,000 |
JENNIFER STEVENS PURPOSE: SCHOLARSHIP | $5,000 |
JESSICA SHARP PURPOSE: SCHOLARSHIP | $5,000 |
ANGEL JUHASZ PURPOSE: SCHOLARSHIP | $5,000 |
CHEYENNE ULUTAS PURPOSE: SCHOLARSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ray T Kest Old Newsboys Goodfellow Memorial Scholarship Fund has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS IN THE TOLEDO AREA. | | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Pittsburgh Jewish Educational Improvement Foundation Pittsburgh, PA | $252,999 | $3,355,550 |