Midwest Educational Foundation For Christian Scientists
- Assets
- $760.4k
- Revenue
- $26.0k
- Investments
- $0.0
- Employees
- 0
- Location
- River Falls, WI
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 37-6034629
Organization Overview
Midwest Educational Foundation For Christian Scientists is located in River Falls, WI. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Midwest Educational Foundation For Christian Scientists 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 12/2022, Midwest Educational Foundation For Christian Scientists generated $26.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $105.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS FOUNDATION IS TO ADMINISTER FUNDS, RENT OR LEASE, MAINTAIN, AND HOLD LEGAL ASSETS TO BE USED FIRST, FOR THE BENEFIT OF THE CHRISTIAN SCIENCE ORGANIZATION AT THE UNIVERSITY OF ILLINOIS AND THE CHRISTIAN SCIENCE ORGANIZATION AT PURDUE UNIVERSITY, AND SECOND, FOR MAKING GRANTS FOR STUDENTS AT THE COLLEGE LEVEL WHO ARE PRACTICING CHRISTIAN SCIENTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS WERE AWARDED TO CHRISTIAN SCIENCE STUDENTS IN ILLINOIS, INDIANA AND SURROUNDING STATES RANGING IN AMOUNT FROM $500 TO $12,000. NO GRANTS WERE AWARDED TO ANY FAMILY MEMBER OF A PAST OR PRESENT BOARD MEMBER.
PROVIDED MEETING SPACE AND OTHER SUPPORT FOR RELIGIOUS SERVICES AND MEETINGS OF THE CHRISTIAN SCIENCE ORGANIZATION AT THE UNIVERSITY OF ILLINOIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Elrick President | Trustee | 2 | $0 |
Jessica Russo Trustee | Trustee | 2 | $0 |
Lynne Scott Secretary | Trustee | 2 | $0 |
Patricia Ray Trustee | Trustee | 2 | $0 |
Barbara Williams Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $28,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,147 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $90,635 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $644 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,665 |
| Fees for services: Other | $0 |
| Advertising and promotion | $829 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,800 |
| Travel | $400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,875 |
| All other expenses | $0 |
| Total functional expenses | $105,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,919 |
| Savings and temporary cash investments | $22,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $725,555 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $760,434 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $760,434 |
| Total liabilities and net assets/fund balances | $760,434 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midwest Educational Foundation For Christian Scientists has recieved totaling $542,000.
| Awarding Organization | Amount |
|---|---|
Christian Science Organization Purdue University West Lafayette, IN PURPOSE: TO ENSURE CONTINUATION OF THIS ORGANIZATION BY WORKING WITH THE MIDWEST EDUCATIONAL FOUNDATION FOR CHRISTIAN SCIENTISTS WHICH HAS SIMILAR GOALS AND MISSION AS THE FILING ORGANIZATION. | $542,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |