Walter & Mabel Fromm Scholarship Trust
- Assets
- $3.3m
- Revenue
- $643.5k
- Investments
- $3.2m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 01/1976
- Data as of
- 02/2022
- EIN
- 39-6250027
Organization Overview
Walter & Mabel Fromm Scholarship Trust is located in Madison, WI. The organization was established in 1976. 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. Walter & Mabel Fromm Scholarship Trust 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 02/2022, Walter & Mabel Fromm Scholarship Trust generated $643.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $283.9k during the year ending 02/2022. While expenses have increased by 6.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Walter & Mabel Fromm Scholarship Trust has awarded 81 individual grants totaling $874,850. 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.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $95,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $546,206 |
| Capital Gain Net Income | $546,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,099 |
| Total Revenue | $643,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,086 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,374 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $74,892 |
| Contributions, gifts, grants paid | $209,000 |
| Total expenses and disbursements | $283,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,100 |
| 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 | $3,180,428 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,319,528 |
| 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, Walter & Mabel Fromm Scholarship Trust has awarded $209,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UW-STEVENS POINT PURPOSE: SCHOLARSHIP | $92,400 |
UW LA CROSSE PURPOSE: SCHOLARSHIPS | $30,800 |
UW-STOUT PURPOSE: SCHOLARSHIPS | $17,600 |
UW-EAU PURPOSE: SCHOLARSHIPS | $13,200 |
UW-MADISON PURPOSE: SCHOLARSHIPS | $8,800 |
MERRILL HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $8,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |