Floy Gilman Scheidler Scholarship Foundation
- Assets
- $106.8k
- Revenue
- $26.7k
- Investments
- $106.5k
- Employees
- 0
- Location
- Cloquet, MN
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 41-1925664
Organization Overview
Floy Gilman Scheidler Scholarship Foundation is located in Cloquet, MN. The organization was established in 2000. 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. Floy Gilman Scheidler 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 12/2022, Floy Gilman Scheidler Scholarship Foundation generated $26.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $57.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Suer President | 0.5 | $0 | |
Sandra Raisanen Vice-President | 0.5 | $0 | |
Ken Gustafson Treasurer | 0.5 | $0 | |
Karen Johnson Secretary | 0.5 | $0 | |
Lindsay Lally Director | 0.5 | $0 | |
Shawn Reed Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,646 |
| Capital Gain Net Income | $14,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,194 |
| Total operating and administrative expenses | $24,196 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $57,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304 |
| 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 | $106,483 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $106,787 |
| 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, Floy Gilman Scheidler Scholarship Foundation has awarded $33,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AARON RIMOLDE PURPOSE: SCHOLARSHIP | $1,500 |
AMANDA PAUL PURPOSE: SCHOLARSHIP | $3,000 |
CORRINA ALEXY PURPOSE: SCHOLARSHIP | $1,500 |
HANNAH GREEN PURPOSE: SCHOLARSHIP | $3,000 |
BENJAMIN BAUER PURPOSE: SCHOLARSHIP | $3,000 |
DEANNA WALLIN PURPOSE: SCHOLARSHIP | $1,500 |