Mahana-Congregational Church Scholarship Foumdation

Organization Overview

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 12/2021, Mahana-Congregational Church Scholarship Foumdation generated $167.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $114.0k during the year ending 12/2021. While expenses have increased by 5.3% 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 29 individual grants totaling $186,000. 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

THE FOUNDATION PROVIDES SCHOLARSHIPS TO ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES FOR POST-SECONDARY EDUCATION.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $7
Dividends & Interest $133,779
Net Rental Income$0
Net Gain on Sale of Assets $33,666
Capital Gain Net Income $33,666
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $167,452

Grants Awarded

Over the last fiscal year, Mahana-Congregational Church Scholarship Foumdation has awarded $100,000 in support to 14 organizations.

Grant RecipientAmount

IOWA STATE UNIV

PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES

$28,000

UNIVERSITY OF IOWA

PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES

$20,000

WALDORF

PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES

$8,000

IOWA LAKES COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES

$6,000

UNIV OF NORTHERN IOWA

PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES

$4,000

DES MOINES AREA COMMUNITY COLLEGE

Org PageRecipient Profile

Ankeny, IA

PURPOSE: SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES

$4,000
View Grant Profile

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