Ww & Lucretia Hafer Scholarship Tuw
- Assets
- $6.9m
- Revenue
- $2.2m
- Investments
- $6.8m
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 05/2014
- Data as of
- 08/2023
- EIN
- 46-6303496
Organization Overview
Ww & Lucretia Hafer Scholarship Tuw is located in Amherst, NY. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Ww & Lucretia Hafer Scholarship Tuw 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 08/2023, Ww & Lucretia Hafer Scholarship Tuw generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.6% each year . All expenses for the organization totaled $484.0k during the year ending 08/2023. While expenses have increased by 5.6% 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, Ww & Lucretia Hafer Scholarship Tuw has awarded 191 individual grants totaling $1,477,216. 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 | $0 |
| Dividends & Interest | $173,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,976,681 |
| Capital Gain Net Income | $1,976,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,150,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,236 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,632 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $91,868 |
| Contributions, gifts, grants paid | $392,124 |
| Total expenses and disbursements | $483,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,676 |
| 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 | $6,849,510 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,851,186 |
| 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, Ww & Lucretia Hafer Scholarship Tuw has awarded $392,124 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
PENN STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $23,064 |
SHIPPENSBURG UNIVERSITY PURPOSE: SCHOLARSHIP | $26,346 |
WILKES UNIVERSITY PURPOSE: SCHOLARSHIP | $3,282 |
MOUNT ST MARY'S UNIVERSITY PURPOSE: SCHOLARSHIP | $8,782 |
YORK COLLEGE OF PENNSYLVANIA PURPOSE: SCHOLARSHIP | $32,192 |
WEST CHESTER UNIVERSITY PURPOSE: SCHOLARSHIP | $3,282 |