Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee
- Assets
- $0.0
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Mattoon, IL
- Founding
- 02/1964
- Data as of
- 12/2020
- EIN
- 37-6024616
Organization Overview
Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee is located in Mattoon, IL. The organization was established in 1964. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
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
SCHOLARSHIP AWARDS - SEE ATTACHED SCHEDULE WORTHY GRADUATES OF COMMUNITY UNIT DIST 2, HIGH SCHOOL
INDIRECT COSTS ALLOCATED TO CHARITABLE PURPOSE: ACCOUNTING FEES 8,668 TRUSTEE FEES 3,573 LEGAL FEES 2,429 SCHOLARSHIP PROCESSING FEES 453
FIRST METHODIST CHURCH, MATTOON, IL MAINTENANACE AND DECORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
1st Mid-Il Bank Trust-Trustee Fee Trustee | 1 | $7,145 | |
1st Mid-Il Bank Trust-Mgmt Fee Trustee | 1 | $5,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,421 |
| Dividends & Interest | $480 |
| Net Rental Income | $84,647 |
| Net Gain on Sale of Assets | $3,896,021 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,470 |
| Total Revenue | $4,014,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,958 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,870 |
| Total operating and administrative expenses | $54,520 |
| Contributions, gifts, grants paid | $4,391,729 |
| Total expenses and disbursements | $4,446,249 |
| 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, Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee has awarded $4,391,729 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP RECIPIENTS PURPOSE: SCHOLARSHIPS FOR WORTHY GRADUATES | $100,500 |
FIRST UNITED METHODIST CHURCH PURPOSE: MAINT & DECORATIONS | $500 |
SOUTHEASTERN IL COMMUNITY FOUNDATIO PURPOSE: SCHOLARSHIP PROGRAM | $4,000,000 |
SOUTHEASTERN IL COMMUNITY FOUNDATIO PURPOSE: SCHOLARSHIP PROGRAM | $290,729 |