Bach Scholarship Foundation Inc
- Assets
- $308.1k
- Revenue
- $5.0k
- Investments
- $297.6k
- Employees
- 0
- Location
- Larned, KS
- Founding
- Data as of
- 12/2022
- EIN
- 84-3154354
Organization Overview
Bach Scholarship Foundation Inc is located in Larned, KS. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bach 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, Bach Scholarship Foundation Inc generated $5.0k 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 (74.3%) each year. All expenses for the organization totaled $17.9k 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 |
|---|---|---|---|
Jon Roy Kelty President | 1 | $0 | |
Kim Barnes Secretary | 1 | $0 | |
Dale Seeman Board Of Director | 1 | $0 | |
Jerrod Smith Board Of Director | 1 | $0 | |
Ronald D Smith Board Legal Counsel | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$530 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $5,924 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $17,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243 |
| Savings and temporary cash investments | $10,202 |
| 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 | $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 | $308,052 |
| 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, Bach Scholarship Foundation Inc has awarded $12,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BARTON COUNTY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR STUDENTS | $1,500 |
COLBY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR STUDENTS | $1,500 |
FORT HAYS STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR STUDENTS | $4,500 |
HUTCHINSON COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR STUDENTS | $1,500 |
PRATT COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR STUDENTS | $1,500 |
WICHITA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR STUDENTS | $1,500 |