Mwe Scholarship Fund
- Assets
- $7.1m
- Revenue
- $448.0k
- Investments
- $6.9m
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-7169542
Organization Overview
Mwe Scholarship Fund is located in Grand Forks, ND. The organization was established in 2015. 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. Mwe 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, Mwe Scholarship Fund generated $448.0k 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 (7.6%) each year. All expenses for the organization totaled $412.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mwe Scholarship Fund has awarded 75 individual grants totaling $2,379,587. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyle Hall President | 4 | $15,000 | |
Mark Sanford Vice President | 4 | $15,000 | |
Bruce Kopp Secretary/treasurer | 4 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $191 |
| Dividends & Interest | $190,932 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $256,924 |
| Capital Gain Net Income | $256,924 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $448,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,989 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,813 |
| Total operating and administrative expenses | $87,242 |
| Contributions, gifts, grants paid | $325,661 |
| Total expenses and disbursements | $412,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $173,715 |
| 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 | $6,922,806 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,121,538 |
| 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 | $2,544 |
| Total liabilities | $2,544 |
Grants Awarded
Over the last fiscal year, Mwe Scholarship Fund has awarded $325,661 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $18,682 |
JOSEPH'S SCHOOL OF HAIR DESIGN PURPOSE: SCHOLARSHIP | $30,528 |
NORTHLAND COMMUNITY AND TECHNICAL COLLEGE PURPOSE: SCHOLARSHIP | $26,816 |
NORTH DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $31,408 |
ST CATHERINE UNIVERSITY PURPOSE: SCHOLARSHIP | $6,310 |
UNIVERISTY OF CINCINNATI PURPOSE: SCHOLARSHIP | $11,115 |