Lauren Cecil Scholarship Fund
- Assets
- $0.0
- Revenue
- $23.3k
- Investments
- $49.8k
- Employees
- 0
- Location
- Lexington, NC
- Founding
- 03/2015
- Data as of
- 06/2022
- EIN
- 46-3220497
Organization Overview
Lauren Cecil Scholarship Fund is located in Lexington, NC. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lauren Cecil Scholarship Fund 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 06/2022, Lauren Cecil Scholarship Fund generated $23.3k 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 (5.5%) each year. All expenses for the organization totaled $19.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lauren Cecil Scholarship Fund has awarded 15 individual grants totaling $108,336. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Hearn President | 0 | $0 | |
Steven Frank Vice-Preside | 0 | $0 | |
Randall Bullin Treasurer | 0 | $0 | |
Ashley Eilbacher Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,133 |
| Interest on Savings | $9 |
| Dividends & Interest | $1,032 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,373 |
| Total Revenue | $23,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $10,677 |
| Contributions, gifts, grants paid | $8,836 |
| Total expenses and disbursements | $19,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,965 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,000 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lauren Cecil Scholarship Fund has awarded $8,836 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DAVIDSON COUNTY SCHOOLS PURPOSE: SUICIDE PREVENTION PACKETS | $2,836 |
SOGAL PURPOSE: GRANT | $5,000 |
UNC CHAPEL HILL PURPOSE: SCHOLARSHIP | $1,000 |