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Filing year 2024

VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST

Normal, Illinois·EIN 04-7021597·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$12k
Total assets
$391k
Total expenses
$63k
Reported officers
1

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois.

Trustee
Board Member
10th to 25th percentile
$3k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST equaled 5% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
5%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$48k

Itemized grants

1

Median grant

$48k

RecipientLocationPurposeAmount
KIWANIS CLUB OF EL PASO FOUNDATIONEL PASO, ILTO PAY OUT SCHOLARSHIPS$48k
Pay for the position

Board Member pay rose 10% from 2023 to 2024, while revenue fell 74%.

$3k in 2023 to $3k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST

What does the Board Member of VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST earn?

In 2024, the Board Member of VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST received $3,329 in total compensation. This pay is in the bottom quarter for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Illinois, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2024 pay of the Board Member at VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST falls between the 10th and 25th percentiles. In 2024, the highest total compensation at VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST equaled 5% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST's revenue and expenses?

In 2024, VICTOR AND LOIS MALCOM SCHOLARSHIP TRUST reported $12k in total revenue and $63k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.