NonprofitsDrexel Funds

Education

Drexel Funds

SOUTH BEND, IN

Total revenue

$8.5M

Total expenses

$4.2M

Net assets

$17.6M

Grants received

$22K

2 grants

EIN

465768451

Tax year

2020

Mission

The drexel fund is a venture philanthropy fund that invests and partners in the growth of high quality, financially sustainable networks of faith based on other private schools

Financials

FY 2020

Revenue

Contributions & grants$8.5M
Program service revenue
Investment income$3K
Other revenue$27K
Total revenue$8.5M

Expenses

Grants paid$3.1M
Salaries & benefits$776K
Fundraising$30K
Other expenses$382K
Total expenses$4.2M
Total assets$18.5M
Net assets$17.6M

People

11 listed

NameRoleCompensation

JOHN ERIKSEN

MANAGING PARTNER

Board

$260K

40 hrs/wk

DARREN JACKSON

SECRETARY

Board

2 hrs/wk

DARLA ROMFO

TRUSTEE

Board

2 hrs/wk

BJ CASSIN

CHAIRMAN

Board

2 hrs/wk

CHRISTOPHER WILSON

TRUSTEE

Board

2 hrs/wk

MICHAEL MESSNER

TRUSTEE

Board

2 hrs/wk

DR DANIEL SCOGGIN

TRUSTEE

Board

2 hrs/wk

THOMAS J HEALEY

TREASURER

Board

2 hrs/wk

NICK HOWLEY

TRUSTEE

Board

2 hrs/wk

ABIGAIL SCHUMWINGER

PARTNER AND INVESTMENT DIR

Staff

$200K

40 hrs/wk

MITZI KEEL

DIRECTOR OF FIN. & ADMIN.

Staff

$106K

20 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$10K
DONOR DESIGNATIONS
2022
$13K
DONOR DESIGNATION PLEDGE PAYMENTS
2020

Funded by

$22K from 1 funder · 2 grants · 2020–2022

United Way Of Greater Milwaukee &

$22K · 2 grants · 2020–2022

Details

EIN465768451
NTEE codeB12
Subsection03
Ruling date2014-11
Formed2015
Employees5
Volunteers0
DREXEL FUNDS — Mission, Financials & Grants Received | Grantivo