Bach Scholarship Foundation Inc
- Assets
- $321.0k
- Revenue
- $44.4k
- Investments
- $306.1k
- Employees
- 0
- Location
- Larned, KS
- Founding
- Data as of
- 12/2021
- 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 12/2021, Bach Scholarship Foundation Inc generated $44.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (61.3%) each year. All expenses for the organization totaled $16.4k during the year ending 12/2021. 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 | |
Jerrod Smith Board Of Director | 1 | $0 | |
Wayne Hagerman Board Of Director | 1 | $0 | |
Kim Barnes Secretary | 1 | $0 | |
Dale Seeman 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 | $6,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,435 |
| Capital Gain Net Income | $37,435 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $229 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $7,378 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $16,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171 |
| Savings and temporary cash investments | $14,713 |
| 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 | $165,730 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $320,966 |
| 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 $9,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Hays, KS PURPOSE: SCHOLARSHIPS FOR STUDENTS | $3,000 |
HUTCHINSON COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR STUDENTS | $2,500 |
Manhattan, KS PURPOSE: SCHOLARSHIPS FOR STUDENTS | $1,500 |
BARTON COUNTY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS FOR STUDENTS | $1,000 |
North Newton, KS PURPOSE: SCHOLARSHIPS FOR STUDENTS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Mutual Of Omaha Foundation Omaha, NE | $120,899,798 | $13,368,524 |
Claire M Hubbard Foundation Omaha, NE | $31,541,308 | $3,169,912 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
D F Dillon Foundation Lincoln, NE | $47,396,549 | $3,325,825 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |
Dehaemers Fam Charitable Tr Overland Park, KS | $122,347,321 | $4,858,235 |
The Helmerich Trust Tulsa, OK | $102,632,790 | $13,260,619 |
World Wide Technology Foundation St Louis, MO | $15,800,629 | $11,017,439 |
Sturm Family Foundation Denver, CO | $102,941,130 | $16,700,881 |