C E Towne Scholarship Fund 627-146802
- Assets
- $5.7m
- Revenue
- $479.7k
- Investments
- $5.5m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 94-6700587
Organization Overview
C E Towne Scholarship Fund 627-146802 is located in Las Vegas, NV. The organization was established in 1997. 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. C E Towne Scholarship Fund 627-146802 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, C E Towne Scholarship Fund 627-146802 generated $479.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $426.8k during the year ending 06/2022. While expenses have increased by 19.8% per year over the past 4 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 2021, C E Towne Scholarship Fund 627-146802 has awarded 52 individual grants totaling $317,620. 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 | $231,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $247,885 |
| Capital Gain Net Income | $247,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $158 |
| Total Revenue | $479,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,518 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,284 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $122 |
| Total operating and administrative expenses | $104,051 |
| Contributions, gifts, grants paid | $322,715 |
| Total expenses and disbursements | $426,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78 |
| Savings and temporary cash investments | $226,436 |
| 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 | $2,536,721 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,684,443 |
| 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, C E Towne Scholarship Fund 627-146802 has awarded $317,620 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
Davis, CA PURPOSE: SCHOLARSHIP | $10,715 |
AMARA PARKER CO BROWN UNIVERSITY PURPOSE: SCHOLARSHIP | $10,715 |
New Orleans, LA PURPOSE: SCHOLARSHIP | $10,715 |
ELANORE ROBERSON CO POINT LOMA NAZARENE PURPOSE: SCHOLARSHIP | $10,715 |
Tuskegee Institute, AL PURPOSE: SCHOLARSHIP | $10,715 |
LUKE CEJA CO CALIFORNIA BAPTIST UNIV PURPOSE: SCHOLARSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |