Cynthia Asplund Mitchell Medical Scholarship Fund Inc
- Assets
- $506.9k
- Revenue
- $29.2k
- Investments
- $480.6k
- Employees
- 0
- Location
- Bloomer, WI
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 39-1570329
Organization Overview
Cynthia Asplund Mitchell Medical Scholarship Fund Inc is located in Bloomer, WI. 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. Cynthia Asplund Mitchell Medical Scholarship Fund Inc 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, Cynthia Asplund Mitchell Medical Scholarship Fund Inc generated $29.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $31.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cynthia Asplund Mitchell Medical Scholarship Fund Inc has awarded 125 individual grants totaling $203,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Asplund Director | 0.5 | $0 | |
Brian Simmons Director | 0.1 | $0 | |
Gary Lueck Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $3,500 |
| Dividends & Interest | $19,876 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,855 |
| Capital Gain Net Income | $2,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,759 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $31,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,341 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $506,903 |
| 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, Cynthia Asplund Mitchell Medical Scholarship Fund Inc has awarded $27,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JEFF DVORACEK PURPOSE: SCHOLARSHIP AWARD | $750 |
MEAGAN FRAZER PURPOSE: SCHOLARSHIP AWARD | $2,500 |
CALLEY OLSON PURPOSE: SCHOLARSHIP AWARD | $500 |
JENNA GOODELL PURPOSE: SCHOLARSHIP AWARD | $1,750 |
MEGAN HINTZMAN PURPOSE: SCHOLARSHIP AWARD | $1,500 |
ALEXIS POST PURPOSE: SCHOLARSHIP AWARD | $2,500 |