Melving Keller And Mary F Keller Scholarship Fund
- Assets
- $1.1m
- Revenue
- $39.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1990
- Data as of
- 12/2023
- EIN
- 25-6344325
Organization Overview
Melving Keller And Mary F Keller Scholarship Fund is located in Pittsburgh, PA. The organization was established in 1990. 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. Melving Keller And Mary F Keller Scholarship Fund 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, Melving Keller And Mary F Keller Scholarship Fund generated $39.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $70.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Melving Keller And Mary F Keller Scholarship Fund has awarded 66 individual grants totaling $614,193. 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 18 INDIVIDUALS FOR STUDY AT VARIOUS INSTITUTIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,558 |
| Capital Gain Net Income | $8,558 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,052 |
| Total Revenue | $39,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,956 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,400 |
| Total operating and administrative expenses | $12,600 |
| Contributions, gifts, grants paid | $57,912 |
| Total expenses and disbursements | $70,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,177 |
| 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 | $1,046,834 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,096,011 |
| 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, Melving Keller And Mary F Keller Scholarship Fund has awarded $57,912 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LYNZIE GRUBBS PURPOSE: SCHOLARSHIP | $13,853 |
MEGAN STRAUSSER PURPOSE: SCHOLARSHIP | $13,853 |
JORDAN G SITTLER PURPOSE: SCHOLARSHIP | $13,853 |
OWEN TRUMBULL PURPOSE: SCHOLARSHIP | $13,853 |
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $1,000 |
WARREN COUNTY SCHOOL DISTRICT PURPOSE: GIFT FOR LIBRARY BOOKS | $500 |