Trust Under Will Of Spero Samer Nect
- Assets
- $1.4m
- Revenue
- $73.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Indiana, PA
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 25-6175080
Organization Overview
Trust Under Will Of Spero Samer Nect is located in Indiana, PA. The organization was established in 1976. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2022, Trust Under Will Of Spero Samer Nect generated $73.3k 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 (23.0%) each year. All expenses for the organization totaled $168.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Trust Under Will Of Spero Samer Nect has awarded 61 individual grants totaling $377,468. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS TO SEMINARIANS OR CANDIDATES FOR PRIESTHOOD IN THE GREEK ORTHODOX CHURCH
TO ASSIST QUALIFYING STUDENTS IN THE WESTERN PENNSYLVANIA AREA WITH TIES TO THE GREEK ORTHODOX CHURCH WITH POST SECONDARY EDUCATION EXPENSES
TOTAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd T Turin Trustee | 0 | $0 | |
First Commonwealth Bank - Trust Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,427 |
| Capital Gain Net Income | $28,427 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,976 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,500 |
| Total operating and administrative expenses | $34,340 |
| Contributions, gifts, grants paid | $134,468 |
| Total expenses and disbursements | $168,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,579 |
| 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 | $1,383,059 |
| 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, Trust Under Will Of Spero Samer Nect has awarded $134,468 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
KEVIN CORNELIUS GRANDBERRY PURPOSE: INDIVIDUAL SCHOLARSHIP | $12,211 |
CONSTANTINE KAYAFAS PURPOSE: INDIVIDUAL SCHOLARSHIP | $12,371 |
JULIAN CHRYSSAVGIS PURPOSE: INDIVIDUAL SCHOLARSHIP | $30,000 |
ANA BORDEIANU PURPOSE: INDIVIDUAL SCHOLARSHIP | $12,000 |
PASQUALE SANTARELLI PURPOSE: INDIVIDUAL SCHOLARSHIP | $10,975 |
JESSICA CADEZ PURPOSE: INDIVIDUAL SCHOLARSHIP | $12,000 |