Walter Lewis Brown Scholarship Trust
- Assets
- $119.3k
- Revenue
- $3.5k
- Investments
- $60.5k
- Employees
- 0
- Location
- Brockton, MA
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-0302131
Organization Overview
Walter Lewis Brown Scholarship Trust is located in Brockton, MA. The organization was established in 2008. 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. Walter Lewis Brown Scholarship Trust 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 12/2022, Walter Lewis Brown Scholarship Trust generated $3.5k 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 (15.5%) each year. All expenses for the organization totaled $22.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Walter Lewis Brown Scholarship Trust has awarded 103 individual grants totaling $112,085. 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
PROVIDE SCHOLARSHIPS TO ELECTRICAL STUDENTS ENROLLED AT THE SOUTHEASTERN VOCATIONAL HIGH SCHOOL FOR CONTINUING STUDIES OR ELECTRICAL TOOLS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$920 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,066 |
| Total operating and administrative expenses | $5,493 |
| Contributions, gifts, grants paid | $16,988 |
| Total expenses and disbursements | $22,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,214 |
| Savings and temporary cash investments | $43,596 |
| 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 | $4,497 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $119,344 |
| 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, Walter Lewis Brown Scholarship Trust has awarded $16,988 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMARI ROGERS PURPOSE: SCHOLARSHIP | $750 |
BENJAMIN POTTEY PURPOSE: SCHOLARSHIP | $34 |
FRANK MIZHIRUMBAY PURPOSE: SCHOLARSHIP | $750 |
JASON VAUGHN PURPOSE: SCHOLARSHIP | $2,000 |
JENNIFER LEMA PURPOSE: SCHOLARSHIP | $750 |
JAYCOB VITAL PURPOSE: SCHOLARSHIP | $1,502 |