Jean Fassler Memorial Scholarship Fund Inc
- Assets
- $909.3k
- Revenue
- $27.6k
- Investments
- $706.3k
- Employees
- 0
- Location
- Canon City, CO
- Founding
- Data as of
- 12/2023
- EIN
- 84-4269738
Organization Overview
Jean Fassler Memorial Scholarship Fund Inc is located in Canon City, CO. 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. Jean Fassler Memorial Scholarship Fund 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 12/2023, Jean Fassler Memorial Scholarship Fund Inc generated $27.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $78.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Jean Fassler Memorial Scholarship Fund Inc has awarded 24 individual grants totaling $120,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FASSLER MEMORIAL SCHOLARSHIP FUND PROVIDES SCHOLARSHIPS TO GRADUATING SENIORS FROM FLORENCE, COLORADO WHO DEMONSTRATE EXCEPTIONAL CHARACTER, LEADERSHIP, EMOTIONAL MATURITY AND STABILITY AS WELL AS STRONG ACADEMIC ACCOMPLISHIMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Fredrickson President | 0 | $2,000 | |
Darlene Rohrbaugh Secretary/tr | 0 | $2,000 | |
Judy Childers Vice Preside | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,773 |
| Dividends & Interest | $10,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,223 |
| Capital Gain Net Income | $1,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,811 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $78,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $202,943 |
| 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 | $909,269 |
| Accounts payable and accrued expenses | $1,250 |
| 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 | $1,250 |
Grants Awarded
Over the last fiscal year, Jean Fassler Memorial Scholarship Fund Inc has awarded $60,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BRANDI VILLAGRANA PURPOSE: SCHOLARSHIP - TUITION | $5,000 |
FAITH HYSTAD PURPOSE: SCHOLARSHIP-TUITION | $5,000 |
DEVIN BOURLAND PURPOSE: SCHOLARSHIP TUITION | $5,000 |
DIEGO APARICIO PURPOSE: SCHOLARSHIP TUITION | $5,000 |
JULIANA MAGALLENES PURPOSE: TUITION | $5,000 |
SAMANTHA NORRIS PURPOSE: TUITION | $5,000 |