William Agnes & Elizabeth Burgess Memorial Scholarship Fund
- Assets
- $0.0
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Mattoon, IL
- Founding
- 06/1953
- Data as of
- 03/2021
- EIN
- 37-6024599
Organization Overview
William Agnes & Elizabeth Burgess Memorial Scholarship Fund is located in Mattoon, IL. The organization was established in 1953. 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. William Agnes & Elizabeth Burgess Memorial 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 03/2021, William Agnes & Elizabeth Burgess Memorial Scholarship Fund generated $4.4m in total revenue. All expenses for the organization totaled $4.6m during the year ending 03/2021. While expenses have increased by 148.4% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF REMAINING ASSETS TO THE SOUTHEASTERN IL COMMUNITY FOUNDATION DUE TO THE TERMINATION OF THE ENTITY
SCHOLARSHIPS (SEE ATTACHED SCHEDULE OF RECIPIENTS) AWARDED TO STUDENTS ATTENDING VARIOUS INSTITUTIONS
ADMINISTRATIVE EXPENSES RELATED TO SCHOLARSHIPS PAID: LEGAL FEES - 3,830 TRUSTEE FEES - 2,946 ACCOUNTING FEES - 6,280 SCHOLARSHIP APPLICATION PROCESSING FEE - 474
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fmwm Co Farm Mgmt Fees Trustee | 0.25 | $4,694 | |
Fmwm Co Trustee Fees Trustee | 0.25 | $3,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72 |
| Dividends & Interest | $0 |
| Net Rental Income | $62,126 |
| Net Gain on Sale of Assets | $4,358,863 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,128 |
| Total Revenue | $4,448,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,377 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $716 |
| Depreciation | $646 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,092 |
| Total operating and administrative expenses | $39,468 |
| Contributions, gifts, grants paid | $4,567,786 |
| Total expenses and disbursements | $4,607,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, William Agnes & Elizabeth Burgess Memorial Scholarship Fund has awarded $4,567,786 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Effingham, IL PURPOSE: SCHOLARSHIP PROGRAM | $4,447,000 |
Effingham, IL PURPOSE: SCHOLARSHIP PROGRAM | $70,786 |
SCHOLARSHIP RECIPIENTS PURPOSE: SCHOLARSHIPS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
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 |
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 |