Lansing Kansas Scholarship Fund Inc
- Assets
- $1.2m
- Revenue
- $61.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Leavenworth, KS
- Founding
- 07/2007
- Data as of
- 10/2020
- EIN
- 48-1038337
Organization Overview
Lansing Kansas Scholarship Fund Inc is located in Leavenworth, KS. The organization was established in 2007. 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. Lansing Kansas Scholarship 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 10/2020, Lansing Kansas Scholarship Fund Inc generated $61.7k in total revenue. All expenses for the organization totaled $71.0k during the year ending 10/2020. While expenses have increased by 1.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS TO GRADUATING SENIORS OF LANSING HIGH SCHOOL FOR CONTINUING EDUCATION ENDEAVORS AT VARIOUS UNIVERSITIES, COLLEGES, AND VOCATIONAL TECHNICAL SCHOOLS OF HIGHER LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO GUADUATING SENIORS OF LANSING HIGH SCHOOL FOR CONTINUING EDUCATION ENDEAVORS AT VARIOUS UNIVERSITIES, COLLEGES, AND VOCATIONAL TECHNICAL SCHOOLS OF HIGHER LEARNING. PROVIDED 45 SCHOLARSHIPS TO GRADUATES OF LANSING HIGH SCHOOL TOTALING FIFTY THREE THOUSAND SIX HUNDRED DOLLARS,$ 53600. WE WERE ABLE TO GIVE SCHOLARSHIPS TO ALL APPLICANTS IN THE 2019-2020 YEAR THAT TIMELY APPLIED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Page Secretary | OfficerTrustee | 8 | $0 |
David Bergman Vice President | OfficerTrustee | 3 | $0 |
Linda Babcock President | OfficerTrustee | 6 | $0 |
Robert S Wagner Treasurer | OfficerTrustee | 15 | $0 |
Wilbur G Barnes Director | Trustee | 3 | $0 |
Priscilla Lopresti Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,005 |
| Investment income | $56,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $53,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,018 |
| Fees for services: Other | $392 |
| Advertising and promotion | $0 |
| Office expenses | $11 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $71,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,709 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,184,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,241,189 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,241,189 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lansing Kansas Scholarship Fund Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |
Colorado Restaurant Association Education Fund Denver, CO | $2,210,454 | $2,452,590 |
Horizon Academy Roeland Park, KS | $4,054,986 | $3,713,037 |
Opportunity Scholarship Fund Tulsa, OK | $5,174,750 | $3,830,206 |
The Hawks Foundation Omaha, NE | $219,357,783 | $65,081,612 |
Childrens Scholarship Fund Of Omaha Omaha, NE | $2,892,431 | $2,351,847 |
Adams State University Foundation Inc Alamosa, CO | $27,757,984 | $4,294,888 |