Jacob Stump Jr And Clara Stump Memorial Scholarship Fund
- Assets
- $531.6k
- Revenue
- $220.2k
- Investments
- $365.9k
- Employees
- 0
- Location
- Mattoon, IL
- Founding
- 02/1969
- Data as of
- 07/2022
- EIN
- 37-6064295
Organization Overview
Jacob Stump Jr And Clara Stump Memorial Scholarship Fund is located in Mattoon, IL. The organization was established in 1969. 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. Jacob Stump Jr And Clara Stump 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 07/2022, Jacob Stump Jr And Clara Stump Memorial Scholarship Fund generated $220.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $69.4k during the year ending 07/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF SCHOLARSHIPS TO HIGH SCHOOL SENIORS TO ATTEND ANY STATE SUPPORTED COLLEGE OR UNIVERSITY IN THE STATE OF ILLINOIS
ADMINISTRATIVE EXPENSES RELATED TO ADMINISTRATION OF SCHOLARSHIPS: ACCOUNTING FEES - 1,200
TRUSTEE FEES - 7,966
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First National Bank Trustee | 2 | $19,223 | |
Washington Savings Bank Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $889 |
| Dividends & Interest | $33,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,323 |
| Capital Gain Net Income | $180,323 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,526 |
| Total Revenue | $220,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,915 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $23,117 |
| Contributions, gifts, grants paid | $46,250 |
| Total expenses and disbursements | $69,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $165,669 |
| 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 | $531,595 |
| 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 |
Peer Organizations
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|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
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Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
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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 |