Linwood Educational Trust Fund Inc
- Assets
- $171.2k
- Revenue
- $35.9k
- Investments
- $146.7k
- Employees
- 0
- Location
- Lincoln, NH
- Founding
- 06/1995
- Data as of
- 06/2024
- EIN
- 02-0474928
Organization Overview
Linwood Educational Trust Fund Inc is located in Lincoln, NH. The organization was established in 1995. 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. Linwood Educational Trust Fund Inc 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 06/2024, Linwood Educational Trust Fund Inc generated $35.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $30.7k during the year ending 06/2024. While expenses have increased by 7.8% per year over the past 6 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 2019, Linwood Educational Trust Fund Inc has awarded 57 individual grants totaling $127,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SCHOLARSHIPS TO INDIVIDUALS BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENTS AND COMMUNITY SERVICE, 10 SCHOLARSHIPS PROVIDED DURING THIS PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myles Moran President | 1 | $0 | |
Robert Nelson Secretary | 1 | $0 | |
Nicole E Tewkbury Treasurer | 1 | $0 | |
Paula King Member | 0.5 | $0 | |
Douglas Moorhead Member | 0.5 | $0 | |
Debbie O'connor Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $32 |
| Dividends & Interest | $5,947 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67 |
| Capital Gain Net Income | $1,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $278 |
| Total operating and administrative expenses | $1,242 |
| Contributions, gifts, grants paid | $29,500 |
| Total expenses and disbursements | $30,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,921 |
| Savings and temporary cash investments | $1,662 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $171,247 |
| 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, Linwood Educational Trust Fund Inc has awarded $29,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
JACOB MORRIS PURPOSE: SCHOLARSHIP | $5,000 |
MUIZZ SWAN PURPOSE: SCHOLARSHIP | $2,500 |
SEVEN FITZGERALD PURPOSE: SCHOLARSHIP | $2,500 |
MARJORIE KENISTON PURPOSE: SCHOLARSHIP | $2,500 |
LIZ DREW PURPOSE: SCHOLARSHIP | $2,500 |
KAYLA CICCARELLO PURPOSE: SCHOLARSHIP | $2,500 |