J Hugh & Earle W Fellows Memorial Fund
- Assets
- $11.3m
- Revenue
- $1.2m
- Investments
- $7.0m
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 08/1964
- Data as of
- 04/2022
- EIN
- 59-6132238
Organization Overview
J Hugh & Earle W Fellows Memorial Fund is located in Pensacola, FL. The organization was established in 1964. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J Hugh & Earle W Fellows Memorial 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 04/2022, J Hugh & Earle W Fellows Memorial Fund generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $145.1k during the year ending 04/2022. While expenses have increased by 4.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUNDS ONLY MAJOR PROGRAM IS STUDENT LOANS. ALL EXPENSES ARE DIRECTLY OR INDIRECTLY RELATED TO THIS ACTIVITY. LOAN ACTIVITY IS AS FOLLOWS:
NUMBER OF SCHOLARSHIP LOANS (FYE 4/30/22) 77 SCHOLARSHIP LOANS TO NEW RECIPIENTS 0 SCHOLARSHIP LOANS PAID BACK 7
NUMBER OF SCHOLARSHIP LOANS (FYE 04/30/22) 70
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hon C Roger Vinson Chairman | 2 | $0 | |
H Neal Smith Vice-Chairman | 2 | $0 | |
Patsy Myers Secretary | 2 | $0 | |
Wayne Willis MD Trustee | 2 | $0 | |
Rev Jessica Harris Babcock Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $573,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $632,164 |
| Capital Gain Net Income | $632,164 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,081 |
| Total Revenue | $1,212,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,234 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,143 |
| Total operating and administrative expenses | $135,076 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $145,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,716 |
| Savings and temporary cash investments | $753,598 |
| 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 | $3,446,419 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,322,210 |
| Accounts payable and accrued expenses | $317 |
| 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 | $317 |
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