Mahana-Congregational Church Scholarship Foumdation is located in Algona, IA. The organization was established in 1993. 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. Mahana-Congregational Church Scholarship Foumdation 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, Mahana-Congregational Church Scholarship Foumdation generated $136.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $118.8k during the year ending 12/2022. While expenses have increased by 8.6% per year over the past 4 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 2020, Mahana-Congregational Church Scholarship Foumdation has awarded 40 individual grants totaling $290,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS TO ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES FOR POST-SECONDARY EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristine Schlievert President | 1 | $0 | |
Michael C Schlievert Trustee | 1 | $0 | |
Larry Person Treasurer | 1 | $0 | |
Christopher Burtnett Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $43 |
Dividends & Interest | $63,005 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $73,381 |
Capital Gain Net Income | $73,381 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $136,429 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $2,898 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $500 |
Total operating and administrative expenses | $14,296 |
Contributions, gifts, grants paid | $104,500 |
Total expenses and disbursements | $118,796 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $40,796 |
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 | $1,449,739 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,490,535 |
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 |
Over the last fiscal year, Mahana-Congregational Church Scholarship Foumdation has awarded $104,500 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
DES MOINES AREA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES | $11,000 |
IOWA LAKES COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES | $11,000 |
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES | $16,500 |
SOUTH DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES | $5,500 |
UNIVERSITY OF IOWA PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES | $30,250 |
CORNELL COLLEGE PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES | $5,500 |