Fred T & Maxine Humes Mem Scholarship 03003795
- Assets
- $2.2m
- Revenue
- $50.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- North Manchester, IN
- Founding
- 10/2014
- Data as of
- 10/2023
- EIN
- 45-6568012
Organization Overview
Fred T & Maxine Humes Mem Scholarship 03003795 is located in North Manchester, IN. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fred T & Maxine Humes Mem Scholarship 03003795 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 10/2023, Fred T & Maxine Humes Mem Scholarship 03003795 generated $50.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $153.9k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fred T & Maxine Humes Mem Scholarship 03003795 has awarded 422 individual grants totaling $1,741,739. 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 | $1,311 |
| Dividends & Interest | $66,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,051 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,693 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,453 |
| Contributions, gifts, grants paid | $116,431 |
| Total expenses and disbursements | $153,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,246 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,330 |
| Total assets | $2,187,180 |
| 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, Fred T & Maxine Humes Mem Scholarship 03003795 has awarded $188,740 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ALLISON KUNS PURPOSE: COLLEGE SCHOLARSHIP | $8,591 |
MORGAN JUSTICE PURPOSE: COLLEGE SCHOLARSHIP | $9,200 |
MASON SALTS PURPOSE: COLLEGE SCHOLARSHIP | $5,873 |
ETHAN DUFF PURPOSE: COLLEGE SCHOLARSHIP | $5,000 |
JACOB AYRES PURPOSE: COLLEGE SCHOLARSHIP | $2,500 |
KALEB MEEK PURPOSE: COLLEGE SCHOLARSHIP | $5,000 |