Martin Scholarship Fund
- Assets
- $1.3m
- Revenue
- $214.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Pontiac, IL
- Founding
- 10/2005
- Data as of
- 03/2022
- EIN
- 37-1496025
Organization Overview
Martin Scholarship Fund is located in Pontiac, IL. The organization was established in 2005. 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. Martin 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 03/2022, Martin Scholarship Fund generated $214.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $4.2k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Martin Scholarship Fund has awarded 61 individual grants totaling $280,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace H Lhotka Treasurer | 0 | $0 | |
Jane Lehmann Chairman | 0 | $0 | |
Michael Dwyer Trustee | 0 | $0 | |
Debra S Cagley Secretary | 0 | $0 | |
Sandra Erickson Vice-Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $59 |
| Dividends & Interest | $200,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,578 |
| Capital Gain Net Income | $14,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,980 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84 |
| Total operating and administrative expenses | $4,164 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,375 |
| 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 | $1,207,365 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $620 |
| Total assets | $1,269,360 |
| Accounts payable and accrued expenses | $765 |
| Grants payable | $82,000 |
| 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 | $82,765 |
Grants Awarded
Over the last fiscal year, Martin Scholarship Fund has awarded $154,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
SAVANNAH LIMBERG PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
EMMA O'LONE PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
GRACE MUND PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
ALYSSA FOX PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
LOGAN ROE PURPOSE: COLLEGE SCHOLARSHIP | $6,000 |
ALYSSA FOX PURPOSE: COLLEGE SCHOLARSHIP | $6,000 |
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 |