Laurence E & Ruth J Hubbard Scholarship & Charitable Tr
- Assets
- $578.2k
- Revenue
- $23.1k
- Investments
- $570.4k
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 10/2001
- Data as of
- 09/2023
- EIN
- 43-1910010
Organization Overview
Laurence E & Ruth J Hubbard Scholarship & Charitable Tr is located in Springfield, IL. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurence E & Ruth J Hubbard Scholarship & Charitable Tr 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 09/2023, Laurence E & Ruth J Hubbard Scholarship & Charitable Tr generated $23.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $22.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laurence E & Ruth J Hubbard Scholarship & Charitable Tr has awarded 92 individual grants totaling $240,332. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $744 |
| Dividends & Interest | $14,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,331 |
| Capital Gain Net Income | $3,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,790 |
| Total Revenue | $23,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,067 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,456 |
| Contributions, gifts, grants paid | $15,200 |
| Total expenses and disbursements | $22,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,755 |
| 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 | $570,446 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $578,201 |
| 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, Laurence E & Ruth J Hubbard Scholarship & Charitable Tr has awarded $15,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF NAZARENE PURPOSE: ANNUAL BEQUEST | $800 |
BOY SCOUTS OF PITTSFIELD PURPOSE: ANNUAL BEQUEST | $400 |
QUINN PHILLIPS WESTERN IL U PURPOSE: COLLEG SCHOLARSHIP | $3,500 |
GABRIEL HODGES HARDING UNIV PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |
MCCANNA DOLBEARE ILL ST U PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |
JOSI SIMMERMANN ILLINOIS COLLEGE PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |