Lucille M Wells Scholarship Fund
- Assets
- $920.6k
- Revenue
- $81.5k
- Investments
- $920.6k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2000
- Data as of
- 07/2022
- EIN
- 39-6694943
Organization Overview
Lucille M Wells Scholarship Fund is located in Chicago, IL. The organization was established in 2000. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucille M Wells 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 07/2022, Lucille M Wells Scholarship Fund generated $81.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $66.4k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lucille M Wells Scholarship Fund has awarded 16 individual grants totaling $134,050. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,559 |
| Capital Gain Net Income | $50,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,330 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,073 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,403 |
| Contributions, gifts, grants paid | $47,950 |
| Total expenses and disbursements | $66,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $920,571 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $920,571 |
| 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, Lucille M Wells Scholarship Fund has awarded $47,950 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON SCHULTZ PURPOSE: SCHOLARSHIP | $21,475 |
JACK ELLIOTT PURPOSE: SCHOLARSHIP | $18,475 |
JACQUELINE ROBLES PURPOSE: SCHOLARSHIP | $8,000 |
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Twin Cities Academy St Paul, MN | $7,515,955 | $9,744,696 |
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Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
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