Richard F Weaver And Janice Fweaver Educational Trust Inc
- Assets
- $3.1m
- Revenue
- $134.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Wolcottville, IN
- Founding
- 11/2008
- Data as of
- 12/2023
- EIN
- 20-8486438
Organization Overview
Richard F Weaver And Janice Fweaver Educational Trust Inc is located in Wolcottville, IN. The organization was established in 2008. 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. Richard F Weaver And Janice Fweaver Educational 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 12/2023, Richard F Weaver And Janice Fweaver Educational Trust Inc generated $134.7k in total revenue. All expenses for the organization totaled $179.9k during the year ending 12/2023. While expenses have increased by 123.3% per year over the past 7 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, Richard F Weaver And Janice Fweaver Educational Trust Inc has awarded 35 individual grants totaling $708,750. 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 |
|---|---|---|---|
Lynn Weaver President/tr | 2 | $0 | |
Virginia Waters Vice Preside | 1 | $0 | |
Laura Joyner Secretary | 1 | $0 | |
Laura Weaver Director | 1 | $0 | |
Tricia Harris Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $551 |
| Dividends & Interest | $68,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,059 |
| Capital Gain Net Income | $48,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $134,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,789 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $26,871 |
| Contributions, gifts, grants paid | $153,000 |
| Total expenses and disbursements | $179,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,418 |
| 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 | $3,090,030 |
| 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, Richard F Weaver And Janice Fweaver Educational Trust Inc has awarded $153,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MURRAY STATE UNIVERSITY PURPOSE: WEAVER ACADEMIC CENTER | $34,250 |
AMERICAN LEGION POST 73 PURPOSE: LEGION CHARITABLE | $1,000 |
FRIENDSHIP COMMMUNITY CEMETERY PURPOSE: CEMETERY MAINTENANCE | $2,500 |
MURRAY CALLOWAY COMMUNITY FOUNDATIO PURPOSE: VOCATIONAL SCHOLARSHIP | $30,000 |
KENTUCKY WESLEYAN COLLEGE PURPOSE: SCHOLARSHIP FUND | $5,000 |
MURRAY CALLOWAY COMMUNITY FOUNDATIO PURPOSE: WEAVER CHARITY CHALLENGE | $60,000 |