Louis Cunningham Scholarship Foundation
- Assets
- $61.4k
- Revenue
- $8.9k
- Investments
- $47.2k
- Employees
- 0
- Location
- Troy, MI
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 38-3197360
Organization Overview
Louis Cunningham Scholarship Foundation is located in Troy, MI. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis Cunningham 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, Louis Cunningham Scholarship Foundation generated $8.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $15.0k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Mckanders President | 0 | $0 | |
Walter Watkins Jr Vice-President/treasurer | 0 | $0 | |
Louis E Cunningham Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $2,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,157 |
| Capital Gain Net Income | $6,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $93 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68 |
| Total operating and administrative expenses | $1,451 |
| Contributions, gifts, grants paid | $13,500 |
| Total expenses and disbursements | $14,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,080 |
| Net Accounts receivable | $13,111 |
| 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 | $61,355 |
| 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, Louis Cunningham Scholarship Foundation has awarded $13,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: CONTRIBUTION/SCHOLARSHIP FUND | $5,000 |
CEDRIC CULPEPPER CO SPRINGBOARD PURPOSE: SCHOLARSHIP | $5,000 |
Detroit, MI PURPOSE: CONTRIBUTION/SCHOLARSHIP FUND | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Nonprofit Association Lansing, MI | $6,155,794 | $10,465,564 |
Mareda Inc Toledo, OH | $0 | $769,242 |
Ohio Laborers Training And Apprenticeship Fund Westerville, OH | $24,371,350 | $8,394,060 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
North Oakland Residential Services Inc Oxford, MI | $2,525,841 | $6,535,346 |
Greater Cleveland Sports Commission Cleveland, OH | $9,405,346 | $6,945,850 |
American Society For Clinical Investigation Inc Ann Arbor, MI | $15,941,863 | $6,053,976 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Cdc Resources Inc Monticello, IN | $3,899,685 | $5,523,588 |
Bethesda Properties Inc Cincinnati, OH | $37,736,609 | $6,114,363 |
Ican Inc Canton, OH | $8,692,652 | $4,416,235 |
Reese-Shackelford Foundation Columbus, OH | $10,905,082 | $7,902,773 |