Eaton & Reed Scholarship Fund Trust Agency
- Assets
- $477.5k
- Revenue
- $49.8k
- Investments
- $444.4k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1970
- Data as of
- 09/2024
- EIN
- 23-7146710
Organization Overview
Eaton & Reed Scholarship Fund Trust Agency is located in Dallas, TX. The organization was established in 1970. 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. Eaton & Reed Scholarship Fund Trust Agency 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 09/2024, Eaton & Reed Scholarship Fund Trust Agency generated $49.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $30.2k during the year ending 09/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Agent For Trustee | 1 | $8,113 | |
Matthew Geary Superint. Of Schools | 1 | $0 | |
Chris Pattacini Board Of Education | 1 | $0 | |
Katelyn Miner Principal Of Manchester Hs | 1 | $0 | |
Darryl Thames Board Of Education | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,520 |
| Capital Gain Net Income | $30,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,113 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $304 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,678 |
| Contributions, gifts, grants paid | $20,500 |
| Total expenses and disbursements | $30,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,086 |
| 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 | $477,520 |
| 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, Eaton & Reed Scholarship Fund Trust Agency has awarded $20,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
PROVIDENCE COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |
UNIVERSITY OF CONNECTICUT PURPOSE: SCHOLARSHIP | $7,500 |
EASTERN CONNECTICUT STATE UNIVERSIT PURPOSE: SCHOLARSHIP | $500 |
MANCHESTER COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $500 |
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
SOUTHERN CT STATE UNIV PURPOSE: SCHOLARSHIP | $1,000 |