Logan Family Charitable Fund Inc
- Assets
- $55.0k
- Revenue
- $2.1k
- Investments
- $54.9k
- Employees
- 0
- Location
- Canfield, OH
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-5441980
Organization Overview
Logan Family Charitable Fund Inc is located in Canfield, OH. The organization was established in 2015. 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. Logan Family Charitable 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 12/2022, Logan Family Charitable Fund Inc generated $2.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $5.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARD - 5 INDIVIDUALS - $1000 EACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas H Logan Dir Pres Treas | 1 | $0 | |
June A Logan Dir Secy | 1 | $0 | |
Hallie A Logan Director | 1 | $0 | |
Heather L Logan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $2,079 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $80 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $5,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135 |
| 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 | $0 |
| Total assets | $54,990 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,500 |
Grants Awarded
Over the last fiscal year, Logan Family Charitable Fund Inc has awarded $5,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OLIVA CMIL PURPOSE: SCHOLARSHIP AWARD - YOUNGSTOWN STATE UNIV | $1,000 |
BRENNAH OSBORN PURPOSE: SCHOLARSHIP - CEDARVILLE UNIVERSITY | $1,000 |
JORDEN WEBB PURPOSE: SCHOLARSHIP - EAST OHIO COLLEGE | $1,000 |
EMILY SCOTT PURPOSE: SCHOLARSHIP - OBERLIN COLLEGE | $1,000 |
DAVID FORD PURPOSE: SCHOLARSHIP - BEYOND EXPECTATIONS BARBER COLLEGE | $1,000 |