Maurice And Virginia Hecht Scholarship Fund Ct 12137
- Assets
- $203.3k
- Revenue
- $7.5k
- Investments
- $195.4k
- Employees
- 0
- Location
- Sturgis, MI
- Founding
- 08/1988
- Data as of
- 03/2022
- EIN
- 38-2923150
Organization Overview
Maurice And Virginia Hecht Scholarship Fund Ct 12137 is located in Sturgis, MI. The organization was established in 1988. 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. Maurice And Virginia Hecht Scholarship Fund CT 12137 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 03/2022, Maurice And Virginia Hecht Scholarship Fund CT 12137 generated $7.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $13.6k during the year ending 03/2022. 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
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $4,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,927 |
| Capital Gain Net Income | $2,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,977 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$1,661 |
| Total operating and administrative expenses | $1,566 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $13,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557 |
| Savings and temporary cash investments | $7,348 |
| 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 | $203,323 |
| 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, Maurice And Virginia Hecht Scholarship Fund Ct 12137 has awarded $12,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KATYA GUTIERREZ PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
CYNTHIA GUTIERREZ PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
VICTOR CARTER PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
BRAXTON HERNANDEZ PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
JOHAN GUTIERREZ PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
HANNA POLEY PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
John F And Edith L Wilsterman Foundation Flushing, MI | $43,019,363 | $3,159,735 |