Fredk Scholarship Fund
- Assets
- $0.0
- Revenue
- $165.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pierson, MI
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1403652
Organization Overview
Fredk Scholarship Fund is located in Pierson, MI. 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. Fredk 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 12/2021, Fredk Scholarship Fund generated $165.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.0%) each year. All expenses for the organization totaled $974.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fredk Scholarship Fund has awarded 12 individual grants totaling $2,843,684. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO TWO COLLEGES FOR THEIR SCHOLARSHIPS
DONATIONS TO TWO COLLEGES FOR THEIR SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Preside | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed Vice Preside | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $899,960 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,557 |
| Capital Gain Net Income | $53,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $165,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $172 |
| Total operating and administrative expenses | $22,609 |
| Contributions, gifts, grants paid | $951,862 |
| Total expenses and disbursements | $974,471 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Fredk Scholarship Fund has awarded $2,803,684 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALBION COLLEGE PURPOSE: SCHOLARSHIPS | $50,000 |
ALBION COLLEGE PURPOSE: CHARITABLE GIFT | $885,911 |
UNIVERSITY OF MICHIGAN PURPOSE: SCHOLARSHIPS | $30,000 |
GRAND RAPIDS COMMUNITY FOUNDATION PURPOSE: CHARITABLE GIFT | $442,955 |
FOREST HILLS PUBLIC SCHOOLS FDTN PURPOSE: CHARITABLE GIFT | $442,956 |
ALBION COLLEGE PURPOSE: SCHOLARSHIPS | $50,000 |