Founces M Luley Scholarship And Educational Fund Union Savings & T
- Assets
- $774.2k
- Revenue
- $67.4k
- Investments
- $737.2k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 34-6672173
Organization Overview
Founces M Luley Scholarship And Educational Fund Union Savings & T is located in Chicago, IL. The organization was established in 1977. 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. Founces M Luley Scholarship And Educational Fund Union Savings & T 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, Founces M Luley Scholarship And Educational Fund Union Savings & T generated $67.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $54.4k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 5 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 2018, Founces M Luley Scholarship And Educational Fund Union Savings & T has awarded 63 individual grants totaling $185,590. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,102 |
| Capital Gain Net Income | $35,102 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,920 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $916 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,850 |
| Total operating and administrative expenses | $14,908 |
| Contributions, gifts, grants paid | $39,482 |
| Total expenses and disbursements | $54,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,049 |
| Savings and temporary cash investments | $13,036 |
| 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 | $51,260 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $774,249 |
| 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, Founces M Luley Scholarship And Educational Fund Union Savings & T has awarded $39,482 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANTWAN HOWARD PURPOSE: SCHOLARSHIP | $5,424 |
JORDAN RINGOLD PURPOSE: SCHOLARSHIP | $5,424 |
TRISH STULL PURPOSE: SCHOLARSHIP | $5,424 |
ERIC THOMPSON PURPOSE: SCHOLARSHIP | $4,000 |
BRENDEN FREEMAN PURPOSE: SCHOLARSHIP | $3,832 |
ABIGAIL BRAZOFSKY PURPOSE: SCHOLARSHIP | $3,560 |
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 |