Vernon S Lehr Scholarship Fund Tr
- Assets
- $2.3m
- Revenue
- $79.4k
- Investments
- $2.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 25-1872650
Organization Overview
Vernon S Lehr Scholarship Fund Tr is located in Pittsburgh, PA. The organization was established in 2001. 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. Vernon S Lehr Scholarship Fund Tr 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, Vernon S Lehr Scholarship Fund Tr generated $79.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $125.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vernon S Lehr Scholarship Fund Tr has awarded 118 individual grants totaling $845,550. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUED SCHOLARSHIPS TO 16 INDIVIDUALS FOR STUDY AT AVRIOUS INSTITUTIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,787 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,206 |
| Capital Gain Net Income | $18,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,370 |
| Total Revenue | $79,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,462 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $821 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $28,483 |
| Contributions, gifts, grants paid | $96,602 |
| Total expenses and disbursements | $125,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,256 |
| 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 | $2,265,416 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,342,672 |
| 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, Vernon S Lehr Scholarship Fund Tr has awarded $96,602 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AISLINN BLOOM PURPOSE: SCHOLARSHIP | $7,852 |
EMILY CROUSE PURPOSE: SCHOLARSHIP | $7,852 |
BRIELLE LABRECK PURPOSE: SCHOLARSHIP | $7,852 |
MADISON SIEG PURPOSE: SCHOLARSHIP | $7,852 |
ANNABELLE BIGGINS PURPOSE: SCHOLARSHIP | $6,893 |
OLIVIA KEEFER PURPOSE: SCHOLARSHIP | $6,893 |