The Exchange Club Of Vero Beach Scholarship Foundation Trust
- Assets
- $593.8k
- Revenue
- $73.8k
- Investments
- $440.6k
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 05/1990
- Data as of
- 08/2022
- EIN
- 59-2967807
Organization Overview
The Exchange Club Of Vero Beach Scholarship Foundation Trust is located in Vero Beach, FL. The organization was established in 1990. 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. Exchange Club Of Vero Beach Scholarship Foundation Trust 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 08/2022, Exchange Club Of Vero Beach Scholarship Foundation Trust generated $73.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $26.6k during the year ending 08/2022. While expenses have increased by 0.7% per year over the past 4 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.
Since 2015, Exchange Club Of Vero Beach Scholarship Foundation Trust has awarded 55 individual grants totaling $142,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS TO GRADUATES OF PUBLIC HIGH SCHOOLS IN INDIAN RIVER COUNTY, FLORIDA,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Chenault Chairman | 2 | $0 | |
Rick Hahn Vice - Chairman | 2 | $0 | |
Nancy Madsen Secretary | 2 | $0 | |
Jack Mcafee Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,845 |
| Interest on Savings | $1,922 |
| Dividends & Interest | $12,082 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,905 |
| Capital Gain Net Income | $1,905 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $36 |
| Other expenses | $10 |
| Total operating and administrative expenses | $96 |
| Contributions, gifts, grants paid | $26,500 |
| Total expenses and disbursements | $26,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,166 |
| 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 | $50,005 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $79,024 |
| Total assets | $593,769 |
| 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, The Exchange Club Of Vero Beach Scholarship Foundation Trust has awarded $26,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA JANKOWSKI PURPOSE: SCHOLARSHIP | $3,500 |
RALPH LYNCH PURPOSE: SCHOLARSHIP | $3,000 |
TRAVIS JACKSON PURPOSE: SCHOLARSHIP | $2,500 |
SARAH FURTADO PURPOSE: SCHOLARSHIP | $2,500 |
ALONDRA SANDOVAL PURPOSE: SCHOLARSHIP | $2,500 |
SARA CUPIDO PURPOSE: SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |