Froman Scholarship 11-50004-2
- Assets
- $152.3k
- Revenue
- $17.4k
- Investments
- $152.3k
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 37-6375786
Organization Overview
Froman Scholarship 11-50004-2 is located in Evansville, IN. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Froman Scholarship 11-50004-2 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 12/2023, Froman Scholarship 11-50004-2 generated $17.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $7.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,553 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,719 |
| Capital Gain Net Income | $13,719 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90 |
| Total Revenue | $17,362 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,719 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $3,750 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $7,750 |
| 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 | $152,272 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $152,272 |
| 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, Froman Scholarship 11-50004-2 has awarded $4,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTHERN INDIANA PURPOSE: SCHOLARSHIPS | $1,000 |
UNIVERSITY OF ILLINOIS PURPOSE: SCHOLARSHIPS | $1,000 |
WABASH VALLEY COLLEGE PURPOSE: SCHOLARSHIPS | $1,000 |
MURRAY STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,000 |