Frankfort Scholarship Fund
- Assets
- $1.4m
- Revenue
- -$55.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Frankfort, MI
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 38-6068228
Organization Overview
Frankfort Scholarship Fund is located in Frankfort, MI. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Frankfort Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Frankfort Scholarship Fund has awarded 112 individual grants totaling $268,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SOLE PURPOSE IS TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO ARE RESIDENTS OF THE FRANKFORT SCHOOL DISTRICT FOR AND TOWARD ATTENDANCE AT SCHOOL AT THE COLLEGE LEVEL
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Twigg Director | 0 | $0 | |
Damon Tondu Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $333 |
| Dividends & Interest | $16,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$72,844 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$55,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $178 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,383 |
| Total operating and administrative expenses | $34,723 |
| Contributions, gifts, grants paid | $52,500 |
| Total expenses and disbursements | $87,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,729 |
| Savings and temporary cash investments | $49,058 |
| 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 | $1,381,659 |
| 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, Frankfort Scholarship Fund has awarded $52,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ELLA LARSEN PURPOSE: COLLEGE TUITION | $2,500 |
HALEY MYERS PURPOSE: COLLEGE TUITION | $2,500 |
AUGUST PASCHE PURPOSE: COLLEGE TUITION | $2,500 |
ALDRIDGE CICCHIELLI PURPOSE: COLLEGE TUITION | $2,500 |
CORA SCOTT PURPOSE: COLLEGE TUITION | $2,500 |
JACK REZNICH PURPOSE: COLLEGE TUITION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Marge & Charles J Schott Foundation Cincinnati, OH | $96,968,868 | $11,169,832 |