Herman Oscar Schumacher Scholarship Fund
- Assets
- $380.5k
- Revenue
- $42.7k
- Investments
- $377.1k
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 10/1982
- Data as of
- 06/2022
- EIN
- 91-6237367
Organization Overview
Herman Oscar Schumacher Scholarship Fund is located in Spokane, WA. The organization was established in 1982. 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. Herman Oscar Schumacher 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 06/2022, Herman Oscar Schumacher Scholarship Fund generated $42.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.0% each year . All expenses for the organization totaled $29.7k during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 5 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,438 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,065 |
| Capital Gain Net Income | $26,065 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $179 |
| Total Revenue | $42,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $449 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,707 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $29,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,444 |
| 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 | $377,094 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $380,538 |
| 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, Herman Oscar Schumacher Scholarship Fund has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TRAVIS GOLDMAN PURPOSE: SCHOLARSHIP | $5,000 |
JASON BEINE PURPOSE: SCHOLARSHIP | $5,000 |
STEVEN RAEL PURPOSE: SCHOLARSHIP | $5,000 |
CHAD SMITH PURPOSE: SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
One Ummah Foundation In Memory Of Mustafa Saeed Rahman Lake Oswego, OR | $1,906,238 | $1,873,006 |