W Richison Schofield Scholarship Trust
- Assets
- $4.3m
- Revenue
- $183.2k
- Investments
- $4.1m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 23-6674798
Organization Overview
W Richison Schofield Scholarship Trust is located in Las Vegas, NV. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. W Richison Schofield 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, W Richison Schofield Scholarship Trust generated $183.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $295.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick J M Lavalley ESQ Trustee | 1 | $10,300 | |
Wells Fargo Bank N A Trustee | 1 | $61,785 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $121,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,891 |
| Capital Gain Net Income | $54,891 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,340 |
| Total Revenue | $183,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,085 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $75,231 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $295,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,450 |
| Savings and temporary cash investments | $199,486 |
| 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 | $4,074,916 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,276,852 |
| 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 |