Old Elm Scholarship Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237399476 ✦ Highland park, IL ✦ Designated as a 501(c)(3)

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Overview

What is Old Elm Scholarship Foundation?

The Old Elm Scholarship Foundation is a nonprofit organization situated in Highland Park, Illinois, specifically at 800 Old Elm Road. Its primary mission is to grant scholarships to employees, their families, and caddies affiliated with the Old Elm Club. The scholarships awarded range from $1,000 to an impressive $20,000, aimed at supporting their higher education endeavors. The foundation's objective is to foster academic growth and opportunities within its community, demonstrating its commitment to the advancement of its members.

Is Old Elm Scholarship Foundation legitimate?

Old Elm Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Elm Scholarship Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Old Elm Scholarship Foundation?

The Old Elm Scholarship Foundation's mission is centered around providing financial aid to individuals associated with the Old Elm Club. This includes employees, their families, and caddies, by awarding scholarships ranging from $1,000 to a substantial $20,000. The foundation's purpose is to support these individuals in their pursuit of higher education, thereby contributing to their personal growth and development.

Who is the CEO of Old Elm Scholarship Foundation?

Charles Brennan Iii is the Principal Officer of Old Elm Scholarship Foundation.

What is the revenue of Old Elm Scholarship Foundation?

Old Elm Scholarship Foundation's revenue in 2022 was $352,989.

Who are the executives of Old Elm Scholarship Foundation and what are their salaries?

There 7 volunteers at Old Elm Scholarship Foundation.


Here are 8 key members and their salaries:


Charles M Brennan Iii (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David D Grumhaus (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
M Jay Trees (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray E Newton Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexander D Stuart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John C Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard L Thomas (Director Until December 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brayton B Alley (Director Until December 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Old Elm Scholarship Foundation?

Old Elm Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Old Elm Scholarship Foundation

The Old Elm Scholarship Foundation is committed to awarding scholarships to employees, their families, and caddies of the Old Elm Club. These scholarships range from a modest $1,000 to a more substantial $20,000, providing financial assistance to a diverse group of individuals. The foundation's mission is to invest in the future of these individuals, recognizing their contributions to the Old Elm Club and providing them with the opportunity to further their education. By offering these scholarships, the Old Elm Scholarship Foundation is not only supporting the personal growth and development of its community but also fostering a culture of continuous learning and advancement.

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Impact




October, 2024

The Old Elm Scholarship Foundation significantly enhances educational opportunities for employees, their families, and caddies associated with the Old Elm Club. By providing college scholarships ranging from $1,000 to $20,000, the foundation helps alleviate the financial burden of higher education, making it more accessible for deserving individuals. Through its support, it fosters a culture of growth, empowering recipients to pursue their academic aspirations and contribute positively to their communities. This commitment to education not only benefits the scholars but also strengthens the bonds within the Old Elm Club community, creating a legacy of support and success.




This information is meant to be a general summary of Old Elm Scholarship Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$352,989 (2022)
Expenses
$468,455 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $97,340
  • Gross Receipts: $434,797

Assets and Liabilities:

  • Total Assets: $3,846,253
  • Total Liabilities: $0
  • Net Assets: $3,846,253

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Organization Details

Founding Year

1974

Principal Officer

Charles Brennan Iii

Main Address

800 OLD ELM ROAD, HIGHLAND PARK, IL, 60035

NTEE Category

Code: B82 - Education

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