Lucille Mccomb Memorial Scholarsh Ip Fund
- Assets
- $523.0k
- Revenue
- $13.8k
- Investments
- $455.3k
- Employees
- 0
- Location
- Napoleon, OH
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 34-6875773
Organization Overview
Lucille Mccomb Memorial Scholarsh Ip Fund is located in Napoleon, OH. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucille Mccomb Memorial Scholarsh Ip 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 12/2022, Lucille Mccomb Memorial Scholarsh Ip Fund generated $13.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $28.5k during the year ending 12/2022. 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
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald P Lankenau Trustee | 0 | $705 | |
Jon A Bisher Trustee | 0 | $705 | |
Rachel A Bostelman Trustee | 0 | $705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,278 |
| Capital Gain Net Income | $189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,505 |
| Total Revenue | $13,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,115 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $477 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,068 |
| Total operating and administrative expenses | $28,549 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $28,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,208 |
| 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 | $65,480 |
| 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 | $522,984 |
| 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, Lucille Mccomb Memorial Scholarsh Ip Fund has awarded $7,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
KARLEE BOSTELMAN PURPOSE: SCHOLARSHIP GRANT | $900 |
MAKENA DIETRICH PURPOSE: SCHOLARSHIP GRANT | $900 |
MADELYN KUHLMAN PURPOSE: SCHOLARSHIP GRANT | $1,375 |
ABIGAIL KUHLMAN PURPOSE: SCHOLARSHIP GRANT | $1,375 |
ALIZA LANKENAU PURPOSE: SCHOLARSHIP GRANT | $900 |
TATE RUBINSTEIN PURPOSE: SCHOLARSHIP GRANT | $900 |