Daniel Drevnick Memorial Fund Inc
- Assets
- $99.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- River Falls, WI
- Founding
- 08/2011
- Data as of
- 12/2020
- EIN
- 45-2681202
Organization Overview
Daniel Drevnick Memorial Fund Inc is located in River Falls, WI. The organization was established in 2011. 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. Daniel Drevnick Memorial Fund Inc 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 12/2020, Daniel Drevnick Memorial Fund Inc generated $25.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $9.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (33.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
PROVIDE ASSISTANCE TO SELECTED AND APPROVED APPLICANTS WHO QUALIFY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Drevnick Board Member | 1 | $0 | |
Julie Drevnick Board Member | 1 | $0 | |
Ronald Noden Board Member | 1 | $0 | |
Rebecca Link Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,026 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $219 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,245 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $510 |
| Total expenses | $9,060 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,607 |
| Other assets | $0 |
| Total assets | $99,607 |
| Total liabilities | $0 |
| Net assets or fund balances | $99,607 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Daniel Drevnick Memorial Fund Inc has recieved totaling $61.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Peer Organizations
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|---|---|---|
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Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |