Wallace And Joyce Hagedorn Scholarship Fund
- Assets
- $8.8m
- Revenue
- $674.0k
- Investments
- $8.4m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/2013
- Data as of
- 09/2022
- EIN
- 61-6489656
Organization Overview
Wallace And Joyce Hagedorn Scholarship Fund is located in Cincinnati, OH. The organization was established in 2013. 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. Wallace And Joyce Hagedorn 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 09/2022, Wallace And Joyce Hagedorn Scholarship Fund generated $674.0k 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 (28.3%) each year. All expenses for the organization totaled $612.3k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $212,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $461,673 |
| Capital Gain Net Income | $461,673 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $673,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,932 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $762 |
| Total operating and administrative expenses | $112,345 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $612,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$211 |
| Savings and temporary cash investments | $445,896 |
| 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 | $3,039,368 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,833,365 |
| 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, Wallace And Joyce Hagedorn Scholarship Fund has awarded $500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Oxford, OH PURPOSE: SCHOLARSHIP | $461,500 |
READING COMMUNITY CITY SCHOOLS PURPOSE: SCHOLARSHIP | $38,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |