Linwood Educational Trust Fund Inc
- Assets
- $179.0k
- Revenue
- $87.9k
- Investments
- $118.5k
- Employees
- 0
- Location
- Lincoln, NH
- Founding
- 06/1995
- Data as of
- 06/2022
- 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 06/2022, Linwood Educational Trust Fund Inc generated $87.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.6% each year . All expenses for the organization totaled $24.8k during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SCHOLARSHIPS TO INDIVIDUALS BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENTS AND COMMUNITY SERVICE, 12 SCHOLARSHIPS PROVIDED DURING THIS PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivan Strickon Treasurer | 2 | $0 | |
Myles Moran President | 2 | $0 | |
Paula King Member | 1 | $0 | |
Douglas Moorhead Member | 1 | $0 | |
Carol Riley Member | 1 | $0 | |
Robert Nelson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $2,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,148 |
| Capital Gain Net Income | $5,148 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $290 |
| Total operating and administrative expenses | $1,319 |
| Contributions, gifts, grants paid | $23,500 |
| Total expenses and disbursements | $24,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,783 |
| Savings and temporary cash investments | $52,682 |
| 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 | $178,961 |
| 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 $23,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALYVIA DRAPEAU PURPOSE: SCHOLARSHIP | $5,000 |
HALEY ODDIS PURPOSE: SCHOLARSHIP | $5,000 |
ALEX SOUSA PURPOSE: SCHOLARSHIP | $5,000 |
BLAKE TOWER PURPOSE: SCHOLARSHIP | $2,500 |
JADE FITZGERALD PURPOSE: SCHOLARSHIP | $2,500 |
CHARMAINE CHAU PURPOSE: SCHOLARSHIP | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Thrive Scholars Boston, MA | $14,006,320 | $13,719,971 |
Boston Latin School Association Boston, MA | $71,373,277 | -$8,021,699 |
Feigenbaum Foundation Inc Pittsfield, MA | $77,550,637 | $8,621,230 |
Bpe Roxbury, MA | $4,024,536 | $5,203,233 |
The Francis Ouimet Scholarship Fund Inc Norton, MA | $27,290,373 | $6,126,185 |