Joe Francis Haircare Scholarship Foundation

Organization Overview

Joe Francis Haircare Scholarship Foundation is located in Cottage Grove, MN. The organization was established in 1995. 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. Joe Francis Haircare Scholarship Foundation 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 12/2021, Joe Francis Haircare Scholarship Foundation generated $84.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $67.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Joe Francis Haircare Scholarship Foundation has awarded 107 individual grants totaling $171,300. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO HELP DESERVING STUDENTS RECEIVE FINANCIAL ASSISTANCE FOR THE PROFESSIONAL TRAINING NECESSARY TO BUILD SUCCESSFUL, LONG-TERM CAREERS IN THE COSMETOLOGY INDUSTRY.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $50,550
Interest on Savings $0
Dividends & Interest $12,239
Net Rental Income$0
Net Gain on Sale of Assets $20,246
Capital Gain Net Income $20,246
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,500
Total Revenue $84,535

Grants Awarded

Over the last fiscal year, Joe Francis Haircare Scholarship Foundation has awarded $45,000 in support to 15 organizations.

Grant RecipientAmount

JELANA BOLDEN

PURPOSE: FINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION

$3,000

TAYLOR DAVIS

PURPOSE: FINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION

$3,000

WILLIAM BARTOLO

PURPOSE: FINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION

$3,000

LOGAN BAYUK

PURPOSE: FINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION

$3,000

TERRIANA BLACK

PURPOSE: FINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION

$3,000

SHERROD GARRETT

PURPOSE: FINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION

$3,000
View Grant Profile

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