Josephine Lilly Wolf Memorial Scholarship Foundation
- Assets
- $67.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North St Paul, MN
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-3665191
Organization Overview
Josephine Lilly Wolf Memorial Scholarship Foundation is located in North St Paul, MN. 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. Josephine Lilly Wolf Memorial Scholarship Foundation 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, Josephine Lilly Wolf Memorial Scholarship Foundation generated $105.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $112.9k during the year ending 12/2022. While expenses have increased by 19.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IN 2022, THE JOSEPHINE LILLY WOLF MEMORIAL SCHOLARSHIP FOUNDATION (JLWMSF) CONTINUED ITS WORK OF PROVIDING COLLEGE SCHOLARSHIPS TO FORMER HIGH- ACHIEVING STUDENTS OF MANNING'S (HIGH) SCHOOL, LOCATED IN WESTMORELAND, JAMAICA. IN 2022 WE ADDED FOUR NEW STUDENTS (THE MOST EVER IN ONE YEAR), BRINGING OUR TOTAL NUMBER OF SUPPORTED STUDENTS TO FIFTEEN. OUR NEW STUDENTS ARE STUDYING BIOLOGY, SOCIAL WORK, ENGINEERING AND MEDICINE. LIKE ALL OUR STUDENTS, OUR CLASS OF 2022 WOULD NOT HAVE BEEN ABLE TO ATTEND COLLEGE WITHOUT OUR SUPPORT. IN 2022 WE HELD OUR THIRD ANNUAL GOLF TOURNAMENT FUNDRAISER. WE HAD 36 REGISTERED TEAMS (THE MOST YOU CAN HAVE FOR A SHOT-GUN TOURNAMENT) AND MANY MORE PEOPLE JOINED FOR DINNER. WE ALSO ADDED NEW GAMES AND CONTESTS FOR NON-GOLFERS. THE FUNDRAISER WAS A SUCCESS AND WE RAISED APPROXIMATELY 30,000, WHICH WAS USED TO SUPPORT OUR NEW AND EXISTING STUDENTS THROUGHOUT THE YEAR. 2021 MARKED A HUGE MILESTONE FOR JLWMSF AS WE GRADUATED OUR FIRST STUDENT. IN 2022 WE GRADUATED THREE MORE STUDENTS, BRINGING OUR TOTAL NUMBER OF GRADUATES TO FOUR. 2022 ALSO MARKED THE FIRST TIME IN OUR FOUNDATION HISTORY THAT WE HAD A STUDENT STUDY ABROAD. 2020 SCHOLARSHIP RECIPIENT ALLIYAH DASILVA CONTINUED HER LAW EDUCATION AT A UNIVERSITY IN CANADA. FINALLY, THERE WERE NO CHANGES TO FOUNDATION GOVERNANCE OR OUR BOARD, HOWEVER, WE DID ADD PEOPLE TO VARIOUS COMMITTEES THROUGHOUT THE YEAR. AS WE GROW, WE WILL CONTINUE TO ADD VOLUNTEERS TO SUPPORT THE IMPORTANT WORK WE ARE DOING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shayne Havens President | 7.5 | $0 | |
Shannon Bruce Vice Preside | 7.5 | $0 | |
Shea Bruce Secretary | 7.5 | $0 | |
Marc Havens Treasurer | 7.5 | $0 | |
Karen Clarey Communicatio | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,242 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,081 |
| Other Revenue | $0 |
| Total Revenue | $105,326 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,220 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,570 |
| Total expenses | $112,880 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,736 |
| Other assets | $0 |
| Total assets | $67,736 |
| Total liabilities | $504 |
| Net assets or fund balances | $67,232 |