Western Insurance Scholarship Foundation
- Assets
- $343.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 38-2945605
Organization Overview
Western Insurance Scholarship Foundation is located in Ann Arbor, MI. The organization was established in 1992. 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. Western Insurance Scholarship Foundation 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 12/2021, Western Insurance Scholarship Foundation generated $94.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $55.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED SCHOLARSHIPS FOR 27 STUDENTS PURSUING COLLEGE DEGREES IN INSURANCE-RELATED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Westran Chair | 0.5 | $0 | |
Paul Anderson Vice Chair | 0.5 | $0 | |
Lisa Lemanski Member | 0.5 | $0 | |
Al Gileczek Member | 0.5 | $0 | |
Danielle F Susser Member | 0.5 | $0 | |
Mike Maurer Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,270 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,911 |
| Gain or Loss | $28,301 |
| Net Income from Gaming & Fundraising | -$10,827 |
| Other Revenue | $0 |
| Total Revenue | $94,655 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,771 |
| Total expenses | $55,771 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $343,854 |
| Other assets | $0 |
| Total assets | $343,854 |
| Total liabilities | $0 |
| Net assets or fund balances | $343,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Insurance Scholarship Foundation has recieved totaling $12,082.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: SCHOLARSHIP FUND, BUILDING FUND AND GENERAL OPERATIONS | $12,082 |
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 |