Frank & Alice Godeke Scholarship Fund
- Assets
- $601.1k
- Revenue
- $27.1k
- Investments
- $456.9k
- Employees
- 0
- Location
- Olney, IL
- Founding
- 12/2004
- Data as of
- 06/2024
- EIN
- 86-6325011
Organization Overview
Frank & Alice Godeke Scholarship Fund is located in Olney, IL. The organization was established in 2004. 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. Frank & Alice Godeke Scholarship Fund 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 06/2024, Frank & Alice Godeke Scholarship Fund generated $27.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $52.9k during the year ending 06/2024. While expenses have increased by 0.8% per year over the past 9 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.
Since 2016, Frank & Alice Godeke Scholarship Fund has awarded 37 individual grants totaling $349,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WILL AWARD 2 - 4 SCHOLARSHIPS PER YEAR TO GRADUATING STUDENTS OF RICHLAND COUNTY HIGH SCHOOL, DEPENDING UPON INCOME, EST RANGE FROM $10,000 - $20,000 PER SCHOLARSHIP
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,596 |
| Dividends & Interest | $20,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,654 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $12,940 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $52,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $144,125 |
| 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 | $208,913 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $601,055 |
| 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, Frank & Alice Godeke Scholarship Fund has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MADELYN RUSK PURPOSE: SCHOLARSHIP TO FURTHER COLLEGE EDUCATION | $10,000 |
KYLE RENNIER PURPOSE: SCHOLARSHIP TO FURTHER COLLEGE EDUCATION | $10,000 |
GARRETT WRIGHT PURPOSE: SCHOLARSHIP TO FURTHER COLLEGE EDUCATION | $10,000 |
TAYLOR MERRITT PURPOSE: SCHOLARSHIP TO FURTHER COLLEGE EDUCATION | $10,000 |