Otto Bender Scholarship Tr No 895
- Assets
- $279.5k
- Revenue
- $10.2k
- Investments
- $257.5k
- Employees
- 0
- Location
- Carlyle, IL
- Founding
- 07/1996
- Data as of
- 05/2022
- EIN
- 37-6341841
Organization Overview
Otto Bender Scholarship Tr No 895 is located in Carlyle, IL. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otto Bender Scholarship Tr No 895 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 05/2022, Otto Bender Scholarship Tr No 895 generated $10.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $10.8k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 4 years. 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
SCHOLARSHIP PROGRAM TUITION ASSISTANCE FOR MALLORY WHEELAN, DYLAN DOERR, AND MARLIE MOLLET.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,450 |
| Dividends & Interest | $1,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,323 |
| Capital Gain Net Income | $4,323 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,456 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $10 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,179 |
| Contributions, gifts, grants paid | $8,637 |
| Total expenses and disbursements | $10,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,972 |
| 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 | $97,766 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $279,472 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $12,244 |
| 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 | $12,244 |
Grants Awarded
Over the last fiscal year, Otto Bender Scholarship Tr No 895 has awarded $15,944 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MARLIE MOLLET PURPOSE: TUITION | $3,061 |
MALLORY WHEELAN PURPOSE: TUITION | $3,061 |
ELIZABETH HOCK PURPOSE: TUITION | $3,061 |
JAELYN KOELMEL PURPOSE: TUITION | $3,061 |
MALLORY WHEELAN PURPOSE: TUITION | $2,900 |
DYLAN DOERR PURPOSE: TUITION | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |