Richard G Wood Richmond-Burton High School Scholarship Fund
- Assets
- $1.0m
- Revenue
- $34.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 81-6986536
Organization Overview
Richard G Wood Richmond-Burton High School Scholarship Fund is located in Rockford, IL. The organization was established in 2019. 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. Richard G Wood Richmond-Burton High School 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 12/2023, Richard G Wood Richmond-Burton High School Scholarship Fund generated $34.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $88.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard G Wood Richmond-Burton High School Scholarship Fund has awarded 16 individual grants totaling $247,754. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $347 |
| Dividends & Interest | $31,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,007 |
| Capital Gain Net Income | $2,007 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,567 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $22,005 |
| Contributions, gifts, grants paid | $66,818 |
| Total expenses and disbursements | $88,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,013,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,013,880 |
| 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, Richard G Wood Richmond-Burton High School Scholarship Fund has awarded $66,818 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MIAMI PURPOSE: SCHOLARSHIP DISTRIBUTION | $17,250 |
UNIVERSITY OF MINNESOTA PURPOSE: SCHOLARSHIP DISTRIBUTION | $11,750 |
UNIVERSITY OF WISCONSIN-PLATTEVILLE PURPOSE: SCHOLARSHIP DISTRIBUTION | $11,750 |
SAN DIEGO STATE UNIVERSITY PURPOSE: SCHOLARSHIP DISTRIBUTION | $26,068 |