Dr Ferrell W Dunn Memorial Fund
- Assets
- $457.2k
- Revenue
- $116.0k
- Investments
- $415.0k
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 05/1985
- Data as of
- 05/2024
- EIN
- 35-6398629
Organization Overview
Dr Ferrell W Dunn Memorial Fund is located in Muncie, IN. The organization was established in 1985. 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. Dr Ferrell W Dunn Memorial 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 05/2024, Dr Ferrell W Dunn Memorial Fund generated $116.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $47.2k during the year ending 05/2024. While expenses have increased by 2.9% per year over the past 8 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 2017, Dr Ferrell W Dunn Memorial Fund has awarded 47 individual grants totaling $247,519. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED SCHOLARSHIPS TO UNIVERSITIES ON BEHALF OF SELECTED AWARD RECEIPIENTS. THERE WERE SIX AWARD RECIPIENTS DURING THE 2016-2017 FISCAL YEAR. EACH RECEIVED EQUALLY.
25% OF THE ADMINISTRATION FEE IS CONSIDERED TO BE AN EXPENSE DIRECTLY RELATED TO THE CHARITABLE PURPOSE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,404 |
| Capital Gain Net Income | $99,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,612 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $140 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,437 |
| Contributions, gifts, grants paid | $36,800 |
| Total expenses and disbursements | $47,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,223 |
| 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 | $457,229 |
| 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, Dr Ferrell W Dunn Memorial Fund has awarded $36,800 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF BRICE WUTHRICH WHO IS PURSUING A MEDICAL DEGREE. | $7,360 |
MARIAN UNIVERISTY PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF RISHA MEHTA WHO IS PURSUING A MEDICAL DEGREE. | $7,360 |
INDIANA UNIVERSITY SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF KATELYN STEVENS WHO IS PURSUING A MEDICAL DEGREE. | $7,360 |
INDIANA UNIVERSITY SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF NARRI JEONG WHO IS PURSUING A MEDICAL DEGREE. | $7,360 |
INDIANA UNIVERSITY SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF NICK BANTZ WHO IS PURSUING A MEDICAL DEGREE. | $7,360 |