Carol E Macpherson Memorial Scholarship Fund Inc
- Assets
- $786.8k
- Revenue
- $9.7k
- Investments
- $778.9k
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 01/1976
- Data as of
- 06/2023
- EIN
- 51-0180046
Organization Overview
Carol E Macpherson Memorial Scholarship Fund Inc is located in St Paul, MN. The organization was established in 1976. 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. Carol E Macpherson Memorial 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 06/2023, Carol E Macpherson Memorial Scholarship Fund Inc generated $9.7k 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 (17.6%) each year. All expenses for the organization totaled $61.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carol E Macpherson Memorial Scholarship Fund Inc has awarded 148 individual grants totaling $543,241. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Macpherson Director | 1.54 | $0 | |
Roderick J Macpherson III President | 1.54 | $0 | |
Mark Macpherson Secretary | 1.54 | $0 | |
Anne Johnson Director | 1.54 | $0 | |
Lisa West Director | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,304 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $724 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,678 |
| Total operating and administrative expenses | $14,943 |
| Contributions, gifts, grants paid | $47,000 |
| Total expenses and disbursements | $61,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,895 |
| 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 | $110,221 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $786,759 |
| 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, Carol E Macpherson Memorial Scholarship Fund Inc has awarded $47,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMANDA BACHMAN PURPOSE: SCHOLARSHIP | $3,000 |
CAITLYN LUECK PURPOSE: SCHOLARSHIP | $6,000 |
CHELSIE ANDREWS PURPOSE: SCHOLARSHIP | $5,500 |
CINDY OPARA PURPOSE: SCHOLARSHIP | $5,000 |
CORRIE STECKELBERG PURPOSE: SCHOLARSHIP | $3,500 |
HOLLIS EMERY PURPOSE: SCHOLARSHIP | $4,000 |