The@charles Mitchell Scholarship Trust
- Assets
- $4.9m
- Revenue
- $400.0k
- Investments
- $4.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 13-7105970
Organization Overview
The@charles Mitchell Scholarship Trust is located in Chicago, IL. 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. The@charles Mitchell Scholarship 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 12/2023, The@charles Mitchell Scholarship Trust generated $400.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $346.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, The@charles Mitchell Scholarship Trust has awarded 226 individual grants totaling $1,003,372. 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 |
|---|---|---|---|
Name Not Listed Trustee | 2 | $71,141 | |
Richard Henry Pershan Co-Trustee | 2 | $7,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $159,487 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240,535 |
| Capital Gain Net Income | $240,535 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $400,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,181 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,078 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,850 |
| Total operating and administrative expenses | $86,109 |
| Contributions, gifts, grants paid | $260,098 |
| Total expenses and disbursements | $346,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,764 |
| Savings and temporary cash investments | $153,395 |
| 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 | $286,391 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,894,793 |
| 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, The@charles Mitchell Scholarship Trust has awarded $260,098 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
THERESA RAMSAY PURPOSE: SCHOLARSHIP | $5,000 |
CLAIRE CASEY PURPOSE: SCHOLARSHIP | $4,500 |
JUALIAN BYRNES PURPOSE: SCHOLARSHIP | $4,000 |
LUCY MARTIN PURPOSE: SCHOLARSHIP | $3,500 |
KANNON ZDIMAL PURPOSE: SCHOLARSHIP | $4,500 |
ISABELLA RAMSEY PURPOSE: SCHOLARSHIP | $5,500 |