Owen And Mary Brookshire Scholarship Fund Tr
- Assets
- $352.7k
- Revenue
- $25.0k
- Investments
- $337.4k
- Employees
- 0
- Location
- Wilmington, OH
- Founding
- 04/2008
- Data as of
- 09/2022
- EIN
- 26-6124487
Organization Overview
Owen And Mary Brookshire Scholarship Fund Tr is located in Wilmington, OH. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Owen And Mary Brookshire 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 09/2022, Owen And Mary Brookshire Scholarship Fund Tr generated $25.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $28.6k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Owen And Mary Brookshire Scholarship Fund Tr has awarded 42 individual grants totaling $145,973. 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
THE SCHOLARSHIP FUND IS TO BE PERPETUAL. THE SCHOLARSHIPS WILL BE FUNDED FROM INCOME GENERATED BY THE TRUST WITH TRUSTEE'S DESCRETION TO DISTRIBUTE IN EACH TAX YEAR AT LEAST FIVE PERCENT (5%) OF THE FAIR MARKET VALUE OF THE TRUST.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45 |
| Dividends & Interest | $8,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,137 |
| Capital Gain Net Income | $192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,890 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $130 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,582 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $28,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,305 |
| 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 | $352,696 |
| 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, Owen And Mary Brookshire Scholarship Fund Tr has awarded $22,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FELICITY HUDSON PURPOSE: COLLEGE EXPENSE | $4,000 |
SALLY SCHAFER PURPOSE: COLLEGE EXPENSE | $4,000 |
CLAYTON BOYD PURPOSE: COLLEGE EXPENSE | $4,000 |
JACOB MILLER PURPOSE: COLLEGE EXPENSE | $4,000 |
JACOB LANSING PURPOSE: COLLEGE EXPENSE | $3,000 |
MAKAYLA HARRINGTON PURPOSE: COLLEGE EXPENSE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |