Lincoln And Elizabeth Frost Scholarship Fund
- Assets
- $216.6k
- Revenue
- $7.4k
- Investments
- $197.7k
- Employees
- 0
- Location
- Melbourne Beach, FL
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 59-3510429
Organization Overview
Lincoln And Elizabeth Frost Scholarship Fund is located in Melbourne Beach, FL. The organization was established in 1999. 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. Lincoln And Elizabeth Frost 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 12/2022, Lincoln And Elizabeth Frost Scholarship Fund generated $7.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $6.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Ingwersen Trustee | 1 | $850 | |
John Ingwersen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $7,180 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $188 |
| Total Revenue | $7,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $850 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $6,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,882 |
| 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 | $2,823 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $216,580 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $18,600 |
| 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 | $18,600 |
Grants Awarded
Over the last fiscal year, Lincoln And Elizabeth Frost Scholarship Fund has awarded $24,600 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN FLORIDA STATE COLLEGE PURPOSE: MADISON HARDENSCHOLARHIP | $4,200 |
FLORIDA GULF COAST UNIVERSITY PURPOSE: SUMMER BROOMESCHOLARSHIP | $3,000 |
ST CLAIR COMMUNITY COLLEGE PURPOSE: HANNAH SCHUCHARDSCHOLARSHIP | $3,000 |
Tallahassee, FL PURPOSE: WILLIAM K. LAUREDINESCHOLARSHIP | $2,400 |
Tallahassee, FL PURPOSE: SCHOLARSHIP FOR KEATON LAUREDINE1200/YR 4YR SPRING 2021 | $1,200 |
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 |