Hank Willoughby Scholarship Foundation Inc
- Assets
- $3.6m
- Revenue
- $402.3k
- Investments
- $3.1m
- Employees
- 0
- Location
- Millsboro, DE
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 77-0650416
Organization Overview
Hank Willoughby Scholarship Foundation Inc is located in Millsboro, DE. The organization was established in 2005. 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. Hank Willoughby Scholarship Foundation Inc 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, Hank Willoughby Scholarship Foundation Inc generated $402.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $225.6k during the year ending 12/2022. 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 |
|---|---|---|---|
Robert V Price Jr President | 0.5 | $0 | |
Jane Grove Vice President | 0.5 | $0 | |
Arnold L Yochelson Judge Tresurer | 0.05 | $0 | |
Kathryn M Zabriskie Secretary | 0.05 | $0 | |
Sharon Walter Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $390,912 |
| Interest on Savings | $406 |
| 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 | $11,004 |
| Total Revenue | $402,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,247 |
| Total operating and administrative expenses | $8,507 |
| Contributions, gifts, grants paid | $217,125 |
| Total expenses and disbursements | $225,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,687 |
| Savings and temporary cash investments | $531,688 |
| 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 | $27,840 |
| Investments—other | $3,025,969 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,592,184 |
| 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, Hank Willoughby Scholarship Foundation Inc has awarded $130,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CSM FOUNDATION PURPOSE: COLLEGE SCHORSHIPS | $125,000 |
THE ENGLISH AS A SECOND LANGUAGE PROGRAM PURPOSE: PROGRAM TO ASSIST ADULT WITH LANUAGE PROFICIENCY, LIFE SKILLSAND SELF-CONFIDENCE. | $5,000 |