Fayette L Overholt Charitable Foundation Trust
- Assets
- $378.7k
- Revenue
- $15.4k
- Investments
- $378.7k
- Employees
- 0
- Location
- Litchfield, CT
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 06-6449102
Organization Overview
Fayette L Overholt Charitable Foundation Trust is located in Litchfield, 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. Fayette L Overholt Charitable Foundation Trust 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 12/2022, Fayette L Overholt Charitable Foundation Trust generated $15.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $33.4k during the year ending 12/2022. 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
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,273 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,100 |
| Capital Gain Net Income | $7,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,379 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,465 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,819 |
| Contributions, gifts, grants paid | $24,596 |
| Total expenses and disbursements | $33,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $378,670 |
| 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, Fayette L Overholt Charitable Foundation Trust has awarded $24,596 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
DANBURY HS SCHOLARSHIP FUND PURPOSE: SCHOLARSHIP | $7,026 |
NEWTON SCHOLARSHIP ASSOCIATION PURPOSE: SCHOLARSHIP | $3,514 |
ALANA FERREIRA-BOTEX 2022 SCHOLARSHIP PURPOSE: SCHOLARSHIP | $1,000 |
JULIA ROBERTO 2022 FAYETTE LOVERHOLT PURPOSE: SCHOLARSHIP | $1,500 |
JENNIFER ARENA 2022 FAYETTE L OVERHOLT PURPOSE: SCHOLARSHIP | $500 |
DANNY BADDOUR 2022 SCHOLARSHIP PURPOSE: SCHOLARSHIP | $1,000 |