The Bud Lutty Charitable Scholarship Trust
- Assets
- $53.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Canonsburg, PA
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 25-1720647
Organization Overview
The Bud Lutty Charitable Scholarship Trust is located in Canonsburg, PA. The organization was established in 1994. 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. Bud Lutty Charitable Scholarship Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Bud Lutty Charitable Scholarship Trust generated $27.1k 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 (5.0%) each year. All expenses for the organization totaled $31.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING SCHOLARSHIPS TO PARTICIPANTS AND THEIR IMMEDIATE FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Huber Trustee/as Needed | 1 | $0 | |
Julie Curry Trustee/as Needed | 1 | $0 | |
Howard Rosenberg Trustee/as Needed | 1 | $0 | |
Doug Bailey Trustee/as Needed | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $27,015 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $103 |
| Total Revenue | $27,124 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,031 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $258 |
| Other expenses | $24,379 |
| Total expenses | $31,668 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,194 |
| Other assets | $0 |
| Total assets | $53,570 |
| Total liabilities | $1,032 |
| Net assets or fund balances | $52,538 |