Scales Mound Community Foundation
- Assets
- $197.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Scales Mound, IL
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 37-1841833
Organization Overview
Scales Mound Community Foundation is located in Scales Mound, IL. The organization was established in 2017. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scales Mound Community Foundation 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 12/2021, Scales Mound Community Foundation generated $40.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (48.7%) each year. All expenses for the organization totaled $19.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TUITION SCHOLARSHIPS FOR 1,000 EACH WERE GIVEN OUT TO 19 RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Wubben President | 1 | $0 | |
Melissa Hammer Secretary | 1 | $0 | |
David Winter Treasurer | 1 | $0 | |
Ann Wienen Director | 1 | $0 | |
Keri Werner Director | 1 | $0 | |
Kara Stadel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $389 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,639 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $73 |
| Other expenses | $10 |
| Total expenses | $19,183 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $197,030 |
| Other assets | $0 |
| Total assets | $197,030 |
| Total liabilities | $0 |
| Net assets or fund balances | $197,030 |