George R Macdonald And Doris Engblom Macdonald Scholarship Trus
- Assets
- $2.8k
- Revenue
- $502.0
- Investments
- $2.4k
- Employees
- 0
- Location
- Marquette, MI
- Founding
- 04/1988
- Data as of
- 09/2022
- EIN
- 38-6462968
Organization Overview
George R Macdonald And Doris Engblom Macdonald Scholarship Trus is located in Marquette, MI. The organization was established in 1988. 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. George R Macdonald And Doris Engblom Macdonald Scholarship Trus 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 09/2022, George R Macdonald And Doris Engblom Macdonald Scholarship Trus generated $502.0 in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.1k during the year ending 09/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS TO STUDENTS IS THE ONLY ACTIVITY OF THE FOUNDATION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $92 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $410 |
| Capital Gain Net Income | $410 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $534 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $890 |
| Contributions, gifts, grants paid | $200 |
| Total expenses and disbursements | $1,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $362 |
| 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 | $2,428 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,790 |
| 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, George R Macdonald And Doris Engblom Macdonald Scholarship Trus has awarded $200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MACKENZIE GILROY PURPOSE: SCHOLARSHIP | $100 |
TONY LIU PURPOSE: SCHOLARSHIP | $100 |
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