Chester J And Angela M Skrocki Foundation
- Assets
- $447.6k
- Revenue
- $21.8k
- Investments
- $410.9k
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 38-3708874
Organization Overview
Chester J And Angela M Skrocki Foundation is located in Traverse City, MI. The organization was established in 2007. 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. Chester J And Angela M Skrocki 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 12/2023, Chester J And Angela M Skrocki Foundation generated $21.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $40.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Terrell Trustee | 1 | $0 | |
Kathryn L Dunham Trustee | 1 | $0 | |
William Dunham Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $75 |
| Dividends & Interest | $14,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,687 |
| Capital Gain Net Income | $3,687 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,580 |
| Total Revenue | $21,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,962 |
| Contributions, gifts, grants paid | $18,750 |
| Total expenses and disbursements | $40,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,732 |
| 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 | $410,859 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $447,591 |
| 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, Chester J And Angela M Skrocki Foundation has awarded $18,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AVE MARIA UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
CENTRAL MICHIGAN UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
GRAND VALLEY STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,500 |
MICHIGAN STATE UNIVERISTY PURPOSE: SCHOLARSHIP | $1,250 |
NORTH CENTRAL MICHIGAN COLLEGE PURPOSE: SCHOLARSHIP | $1,250 |
UNIVERSITY OF MICHIGAN PURPOSE: SCHOLARSHIP | $2,500 |