Macricostas Scholarship Trust Inc
- Assets
- $77.1k
- Revenue
- $1.9k
- Investments
- $16.7k
- Employees
- 0
- Location
- Brookfield, CT
- Founding
- 05/1997
- Data as of
- 10/2021
- EIN
- 06-1462843
Organization Overview
Macricostas Scholarship Trust Inc is located in Brookfield, CT. The organization was established in 1997. 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. Macricostas Scholarship Trust 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 10/2021, Macricostas Scholarship Trust Inc generated $1.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $44.1k during the year ending 10/2021. While expenses have increased by 0.3% 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.
Since 2017, Macricostas Scholarship Trust Inc has awarded 146 individual grants totaling $200,125. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constantine S Macricostas Chairman/director | 0 | $0 | |
Richelle Searing Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,913 |
| Capital Gain Net Income | $1,913 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,913 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $129 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $2,954 |
| Contributions, gifts, grants paid | $41,125 |
| Total expenses and disbursements | $44,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,415 |
| Savings and temporary cash investments | $0 |
| 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 | $16,652 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,067 |
| 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, Macricostas Scholarship Trust Inc has awarded $41,125 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
RICE UNIVERSITY ON BEHALF OF ANNIE CHEN PURPOSE: SCHOLARSHIP | $2,875 |
PRATT INSTITUTE ON BEHALF OF CATHERINE CHATTERGOON PURPOSE: SCHOLARSHIP | $2,625 |
TEXAS A&M ON BEHALF OF NURA MOGHARRABI PURPOSE: SCHOLARSHIP | $2,500 |
TEXAS A&M ON BEHALF OF ARIAN MOGHARRABI PURPOSE: SCHOLARSHIP | $2,500 |
TEXAS A&M ON BEHALF OF SARAH MULLENS PURPOSE: SCHOLARSHIP | $2,000 |
ELON UNIVERSITY ON BEHALF OF ERINA PIRI PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
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 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |