Community Hospital Auxiliary Scholarship Trust
- Assets
- $750.6k
- Revenue
- $142.5k
- Investments
- $689.2k
- Employees
- 0
- Location
- Munster, IN
- Founding
- 02/1995
- Data as of
- 01/2022
- EIN
- 35-6595973
Organization Overview
Community Hospital Auxiliary Scholarship Trust is located in Munster, IN. The organization was established in 1995. 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. Community Hospital Auxiliary Scholarship Trust 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 01/2022, Community Hospital Auxiliary Scholarship Trust generated $142.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $112.5k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Hospital Auxiliary Scholarship Trust has awarded 300 individual grants totaling $424,400. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DISTRIBUTES SCHOLARSHIPS TO ELIGIBLE QUALIFYING STUDENTS THAT ARE DEPENDENTS OF EMPLOYEES OF MUNSTER'S COMMUNITY HOSPITAL AND ARE SEEKING TO ENTER THE HEALHCARE FIELD OR FURTHER THEIR EDUCATION IN HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi Merlo President | 1 | $0 | |
Sylvia Ricketts Vice President | 1 | $0 | |
Janice Poledziewski Treasurer | 1 | $0 | |
Virginia Lenart Director | 1 | $0 | |
Michael Pelegrino Director | 1 | $0 | |
Karen Pariso Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $132,565 |
| Capital Gain Net Income | $132,565 |
| Net ST Capital Gain | $59,665 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $14 |
| Taxes | $920 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $11,139 |
| Contributions, gifts, grants paid | $101,400 |
| Total expenses and disbursements | $112,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,368 |
| 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 | $750,555 |
| 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 | $974 |
| Total liabilities | $974 |
Grants Awarded
Over the last fiscal year, Community Hospital Auxiliary Scholarship Trust has awarded $101,400 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
DOMIMICK AMADIO PURPOSE: SCHOLARSHIP | $1,300 |
LADEJA ANDREWS PURPOSE: SCHOLARSHIP | $1,300 |
CHRISTOPHER ABRINKO PURPOSE: SCHOLARSHIP | $1,300 |
CHARMAGNE ABANGAN PURPOSE: SCHOLARSHIP | $1,300 |
JESSICA ALMARAZ PURPOSE: SCHOLARSHIP | $1,300 |
LILY BACHAR PURPOSE: SCHOLARSHIP | $1,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Hospital Auxiliary Scholarship Trust has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Community Hospital Auxliary Of Munster Indiana Munster, IN PURPOSE: SCHOLARSHIPS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
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 |