Clifford L & Daisie B Amburn Mem Scholarship Fund
- Assets
- $286.3k
- Revenue
- $10.3k
- Investments
- $281.8k
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 10/1965
- Data as of
- 12/2022
- EIN
- 35-6051256
Organization Overview
Clifford L & Daisie B Amburn Mem Scholarship Fund is located in Muncie, IN. The organization was established in 1965. 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. Clifford L & Daisie B Amburn Mem 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 12/2022, Clifford L & Daisie B Amburn Mem Scholarship Fund generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $38.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Clifford L & Daisie B Amburn Mem Scholarship Fund has awarded 44 individual grants totaling $142,172. 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 | $7,963 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $181 |
| Capital Gain Net Income | $181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,150 |
| Total Revenue | $10,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,192 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $293 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,525 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $38,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,351 |
| Net Accounts receivable | $200 |
| 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 | $286,341 |
| 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, Clifford L & Daisie B Amburn Mem Scholarship Fund has awarded $28,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXIS QUIRK PURPOSE: SCHOLARSHIPS | $4,000 |
CALLIE BERRY PURPOSE: SCHOLARSHIPS | $4,000 |
TRESSIE HOPPER PURPOSE: SCHOLARSHIPS | $4,000 |
ANALIESE PITTMAN PURPOSE: SCHOLARSHIPS | $4,000 |
ELLIE LYNN PURPOSE: SCHOLARSHIPS | $4,000 |
EMILY MCCLURE PURPOSE: SCHOLARSHIPS | $4,000 |