Jessie May Riggs Student Scholarship Fund 050007410700
- Assets
- $480.2k
- Revenue
- $57.4k
- Investments
- $459.2k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/2005
- Data as of
- 07/2022
- EIN
- 91-6565775
Organization Overview
Jessie May Riggs Student Scholarship Fund 050007410700 is located in Milwaukee, WI. The organization was established in 2005. 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. Jessie May Riggs Student Scholarship Fund 050007410700 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 07/2022, Jessie May Riggs Student Scholarship Fund 050007410700 generated $57.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $42.7k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jessie May Riggs Student Scholarship Fund 050007410700 has awarded 56 individual grants totaling $192,514. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,991 |
| Capital Gain Net Income | $44,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $57,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,053 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $116 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $11,735 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $42,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,976 |
| 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 | $459,191 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $480,167 |
| 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, Jessie May Riggs Student Scholarship Fund 050007410700 has awarded $31,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $12,000 |
Forest Grove, OR PURPOSE: SCHOLARSHIP | $5,000 |
Newberg, OR PURPOSE: SCHOLARSHIPS | $4,000 |
UNIVERSITY OF OREGON PURPOSE: SCHOLARSHIP | $4,000 |
PORTLAND STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $4,000 |
Northfield, MN PURPOSE: SCHOLARSHIPS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
Carls Foundation Bloomfield Hills, MI | $120,507,770 | $14,280,001 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI | $107,851,670 | $8,218,571 |