Arthur J Raef And Blanch D Raef Scholarship Fund
- Assets
- $487.7k
- Revenue
- $17.8k
- Investments
- $457.1k
- Employees
- 0
- Location
- Mountain Home, AR
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 47-0891370
Organization Overview
Arthur J Raef And Blanch D Raef Scholarship Fund is located in Mountain Home, AR. The organization was established in 2002. 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. Arthur J Raef And Blanch D Raef 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 12/2023, Arthur J Raef And Blanch D Raef Scholarship Fund generated $17.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $39.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arthur J Raef And Blanch D Raef Scholarship Fund has awarded 177 individual grants totaling $211,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023 THERE WERE 13 PARTIAL SCHOLARSHIPS AWARDED TO 13 QUALIFIED APPLICANTS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,810 |
| Dividends & Interest | $4,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,242 |
| Capital Gain Net Income | $984 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $197 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,143 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $39,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,532 |
| 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 | $142,392 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $487,654 |
| 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, Arthur J Raef And Blanch D Raef Scholarship Fund has awarded $32,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON CAPLE PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,500 |
PAISLEY DAVIS PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,500 |
SADIE QUICK PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,500 |
KELSEY ROACH PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,500 |
ANDREA SHEARER PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,500 |
ANDREW TARDIFF PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,500 |