COTTAGE GROVE, MN

Joe Francis Haircare Scholarship Foundation

Also known as: FOUNDATION

Quick Facts

EIN: 411778518
Location: COTTAGE GROVE, MN
Phone: (651) 769-1757
Category: Education
Total Assets: $1.7M
Annual Income: $113K
IRS Ruling Year: 1995
Organization Type: Non-Operating Foundation
Principal Officer: % The Barbers
Tax Deductibility: Contributions are deductible

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About This Foundation

Joe Francis Haircare Scholarship Foundation is a private corporation based in COTTAGE GROVE, MN. The foundation received its IRS ruling in 1995. The principal officer is % The Barbers. It holds total assets of $1.7M. Annual income is reported at $113K. TO HELP DESERVING STUDENTS RECEIVE FINANCIAL ASSISTANCE FOR THE PROFESSIONAL TRAINING NECESSARY TO BUILD SUCCESSFUL, LONG-TERM CAREERS IN THE COSMETOLOGY INDUSTRY. According to available records, Joe Francis Haircare Scholarship Foundation has made 62 grants totaling $192K, with a median grant of $4K. Annual giving has grown from $26K in 2020 to $56K in 2023. Grantmaking activity was highest in 2022 with $111K distributed across 30 grants. Individual grants have ranged from $2K to $5K, with an average award of $3K. The foundation has supported 47 unique organizations. The foundation primarily supports organizations in Pennsylvania, Florida, Arkansas, which account for 24% of all grants. Grantmaking reaches organizations across 27 states. Contributions to this foundation are tax-deductible.

Application Information

Deadline

APPLICATIONS MUST BE RECEIVED BY JUNE 1ST OF EACH YEAR.

Restrictions

THE AWARD IS LIMITED TO $1,500 AND ONE $4,500 AWARD PAID DIRECTLY TO ENROLLED SCHOOL FOR TUITION.

Programs & Activities

TO HELP DESERVING STUDENTS RECEIVE FINANCIAL ASSISTANCE FOR THE PROFESSIONAL TRAINING NECESSARY TO BUILD SUCCESSFUL, LONG-TERM CAREERS IN THE COSMETOLOGY INDUSTRY.

Expenses: $26K

Frequently Asked Questions

What does Joe Francis Haircare Scholarship Foundation fund?

TO HELP DESERVING STUDENTS RECEIVE FINANCIAL ASSISTANCE FOR THE PROFESSIONAL TRAINING NECESSARY TO BUILD SUCCESSFUL, LONG-TERM CAREERS IN THE COSMETOLOGY INDUSTRY. Based on available records, the foundation has funded 62 grants. Its grantmaking reaches organizations primarily in PA, FL, AR.

How much does Joe Francis Haircare Scholarship Foundation give in grants?

Joe Francis Haircare Scholarship Foundation has distributed a total of $192K across 62 grants. The median grant size is $4K, with an average of $3K. Individual grants have ranged from $2K to $5K.

How do I apply for a grant from Joe Francis Haircare Scholarship Foundation?

The application deadline is APPLICATIONS MUST BE RECEIVED BY JUNE 1ST OF EACH YEAR.. THE AWARD IS LIMITED TO $1,500 AND ONE $4,500 AWARD PAID DIRECTLY TO ENROLLED SCHOOL FOR TUITION.

Where is Joe Francis Haircare Scholarship Foundation located?

Joe Francis Haircare Scholarship Foundation is headquartered in COTTAGE GROVE, MN. While based in MN, the foundation distributes grants to organizations across 27 states.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Barb Francis	PRESIDENT	$0	$0	$0
Kim Larson	SECRETARY	$0	$0	$0
Jeanne Francis Dietrich	DIRECTOR	$0	$0	$0
Rachel Goldstein	DIRECTOR	$0	$0	$0
Deborah Hardwick	DIRECTOR	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$82K

2023+3%

Total Assets

$1.5M

2023+12%

Fair Market Value

$1.5M

2023

Net Worth

$1.5M

2023

Grants Paid

$56K

2023

Contributions

2023

Net Investment Income

$9K

2023

Distribution Amount

$72K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $750K

Corporate Stock (45%)

Government Obligations (7%)

Other Investments (47%)

Cash (2%)

Expense Breakdown (2023)

Revenue Sources (2023)

Dividends: $12K
Other Income: $4K
Capital Gains (Net): $647

Financial Details (2023)

Total Revenue: $16K
Total Expenses: $82K
Exempt Purpose Expenses: $78K
Required Distribution: $72K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $123
Tax Due: $123

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsYes

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$192K

Average Grant

$3K

Median Grant

$4K

Unique Recipients

Most Common Grant

$4K

Grant Disbursements by Year

Grant Range

Min$2K

Max$5K

Median: $4K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

PA$27K (7)

FL$14K (4)

AR$14K (4)

KS$12K (3)

IN$12K (4)

MN$12K (4)

Past Grantees

Recipient	Location	Amount	Year
Pankewich EmeraldFINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION	Overland Park, KS	$5K	2023
Brewer TraytonFINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION	Pittsburgh, PA	$5K	2023
Hawkins BrandyFINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION	Anderson, IN	$4K	2023
Johnson CliffordFINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION	Escondido, CA	$4K	2023
Marks KyraFINANCIAL ASSISTANCE TO COMPLETE COSMETOLOGY EDUCATION	Brandon, FL	$4K