Heffel Memorial Scholarship Trust
- Assets
- $103.3k
- Revenue
- $17.8k
- Investments
- $102.5k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 74-6451982
Organization Overview
Heffel Memorial Scholarship Trust is located in Madison, WI. The organization was established in 1997. 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. Heffel Memorial Scholarship 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 12/2021, Heffel Memorial Scholarship Trust generated $17.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $12.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Heffel Memorial Scholarship Trust has awarded 67 individual grants totaling $148,750. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Swartwout Ehs Guidance Counslor | 0 | $0 | |
Joy Morrison Ehs Alum | 0 | $0 | |
Kathy Swanson School Bd President | 0 | $0 | |
Brooke Hintze Ehs School Counselor | 0 | $0 | |
Dana Allen Nhs Representative | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,428 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,332 |
| Capital Gain Net Income | $15,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,997 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $11,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $786 |
| 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 | $103,316 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| Deferred revenue | $898 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,898 |
Grants Awarded
Over the last fiscal year, Heffel Memorial Scholarship Trust has awarded $21,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EMILY PFEIL PURPOSE: SCHOLARSHIP | $2,500 |
JASMINE ELLIOTT PURPOSE: SCHOLARSHIP | $2,500 |
GABRIELLE DIEBOOLD PURPOSE: SCHOLARSHIP | $2,500 |
ARI PINCUS KAZMAR PURPOSE: SCHOLARSHIP | $2,500 |
MAKENZIE HALLA PURPOSE: SCHOLARSHIP | $2,500 |
KEEGAN OLIN PURPOSE: SCHOLARSHIP 2019 | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |