Nannette And Walter A Ramsey Scholarship
- Assets
- $2.3m
- Revenue
- -$77.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Shelbyville, IL
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 83-3345333
Organization Overview
Nannette And Walter A Ramsey Scholarship is located in Shelbyville, 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. Nannette And Walter A Ramsey Scholarship is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Nannette And Walter A Ramsey Scholarship has awarded 37 individual grants totaling $207,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS TO LOCAL SHELBY COUNTY, ILLINOIS INDIVIDUALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $205 |
| Dividends & Interest | $45,611 |
| Net Rental Income | $9,013 |
| Net Gain on Sale of Assets | -$141,791 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$77,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,841 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,570 |
| Depreciation | $761 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,049 |
| Total operating and administrative expenses | $36,734 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $161,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,202 |
| 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 | $1,284 |
| Net Investments - land, buildings, equipment | $9,513 |
| Investments—mortgage loans | $0 |
| Investments—other | $761,993 |
| Net Land, buildings, and equipment | $528,000 |
| Other assets | $34 |
| Total assets | $2,317,889 |
| 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, Nannette And Walter A Ramsey Scholarship has awarded $125,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BRODERICK H BEALS PURPOSE: SCHOLARSHIP | $4,600 |
BROOK Z SCHUTT PURPOSE: SCHOLARSHIP | $4,600 |
CHLOE M ATCHLEY PURPOSE: SCHOLARSHIP | $4,600 |
CHLOE M DASENBROCK PURPOSE: SCHOLARSHIP | $4,600 |
DANIEL L LUCAS PURPOSE: SCHOLARSHIP | $8,000 |
DAWSON E BOYS PURPOSE: SCHOLARSHIP | $4,600 |