Elder G Hoines Memorial Scholarship Foundation
- Assets
- $151.6k
- Revenue
- $7.1k
- Investments
- $132.4k
- Employees
- 0
- Location
- Madison Lake, MN
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 42-1301973
Organization Overview
Elder G Hoines Memorial Scholarship Foundation is located in Madison Lake, MN. The organization was established in 1988. 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. Elder G Hoines Memorial 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, Elder G Hoines Memorial Scholarship Foundation generated $7.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $4.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO TWO HIGH SCHOOL STUDENT FOR COLLEGE GIVEN THROUGH DOLLARS FOR SCHOLARS PROGRAM.
SCHOLARSHIPS TO TWO HIGH SCHOOL STUDENT FOR COLLEGE GIVEN THROUGH DOLLARS FOR SCHOLARS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hoines Trustee | 0 | $0 | |
Sonja Lively Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $64 |
| Dividends & Interest | $5,069 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $268 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $4,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,249 |
| Savings and temporary cash investments | $13,946 |
| 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 | $151,550 |
| 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, Elder G Hoines Memorial Scholarship Foundation has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOLLARS FOR SCHOLARS PROGRAM PURPOSE: SCHOLARSHIP | $4,000 |
THE DOLLARS FOR SCHOLARS PURPOSE: SCHOLARSHIP | $0 |
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