Burl E Salisbury Memorial Scholarship Fund
- Assets
- $229.1k
- Revenue
- $20.1k
- Investments
- $114.2k
- Employees
- 0
- Location
- Coldwater, MI
- Founding
- 11/1983
- Data as of
- 04/2022
- EIN
- 38-6429664
Organization Overview
Burl E Salisbury Memorial Scholarship Fund is located in Coldwater, MI. The organization was established in 1983. 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. Burl E Salisbury Memorial 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.
For the year ending 04/2022, Burl E Salisbury Memorial Scholarship Fund generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $21.8k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $3,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,890 |
| Capital Gain Net Income | $2,890 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,100 |
| Total Revenue | $20,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,005 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $7,808 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $21,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,201 |
| 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 | $99,748 |
| Total assets | $229,103 |
| 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, Burl E Salisbury Memorial Scholarship Fund has awarded $14,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HARLEE DAVIS PURPOSE: EDUCATIONAL | $1,500 |
MARGAN ROSE PURPOSE: EDUCATIONAL | $1,500 |
AVERY REES PURPOSE: EDUCATIONAL | $1,500 |
EMILY RISSMAN PURPOSE: EDUCATIONAL | $1,500 |
BLAINE ROBINSON PURPOSE: EDUCATIONAL | $1,000 |
JENNA SALEK PURPOSE: EDUCATIONAL | $1,000 |
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 |