The Sews Spirit For Education Foundation Inc
- Assets
- $1.1k
- Revenue
- $2.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 07/1998
- Data as of
- 12/2018
- EIN
- 61-1315218
Organization Overview
The Sews Spirit For Education Foundation Inc is located in Bowling Green, KY. The organization was established in 1998. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations.
For the year ending 12/2018, Sews Spirit For Education Foundation Inc generated $2.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.7%) each year. All expenses for the organization totaled $14.9k during the year ending 12/2018. 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
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM FOR CHILDREN OF EMPLOYEES OF SUMITOMO ELECTRIC WIRING SYSTEMS, INC. WHO PLAN TO ATTEND A POST-SECONDARY EDUCATIONAL INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hiroshi Kiyokawa President | 0.5 | $0 | |
Rich Whitaker Vice President | 0.5 | $0 | |
Hitoshi Hino CFO | 0.5 | $0 | |
Matt Adams Director | 0.5 | $0 | |
Duane Harrison Director | 0.5 | $0 | |
Dr Cecile Garmon Scholarship Selection Comm | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2 |
| 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 | $1,959 |
| Printing and publications | $0 |
| Other expenses | $113 |
| Total operating and administrative expenses | $2,935 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $14,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,136 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,136 |
| 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 Sews Spirit For Education Foundation Inc has awarded $12,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ZOE RAMSAY PURPOSE: ACADEMIC SCHOLARSHIP | $3,000 |
LAUREN RIFFE PURPOSE: ACADEMIC SCHOLARSHIP | $3,000 |
HALEY MARSH PURPOSE: ACADEMIC SCHOLARSHIP | $3,000 |
ALYSSA WELCH PURPOSE: ACADEMIC SCHOLARSHIP | $3,000 |