Marjorie E Hart Trust
- Assets
- $399.4k
- Revenue
- $7.6k
- Investments
- $93.3k
- Employees
- 0
- Location
- Wellston, OH
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 31-1428420
Organization Overview
Marjorie E Hart Trust is located in Wellston, OH. The organization was established in 1996. 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. Marjorie E Hart 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 12/2023, Marjorie E Hart Trust generated $7.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $861.0 during the year ending 12/2023. While expenses have increased by 11.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR COLLEGE STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle R Gilliland Trustee | 0 | $0 | |
Douglas R Jones Trustee | 0 | $0 | |
Wendy R Henry Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7 |
| Total Revenue | $7,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $761 |
| Total operating and administrative expenses | $861 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,194 |
| Savings and temporary cash investments | $0 |
| 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 | $399,444 |
| Accounts payable and accrued expenses | $1,050 |
| 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 | $106 |
| Total liabilities | $1,156 |
Grants Awarded
Over the last fiscal year, Marjorie E Hart Trust has awarded $800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTOPHER N JONES PURPOSE: COLLEGE SCHOLARSHIP | $200 |
LEXUS N JUSTICE PURPOSE: COLLEGE SCHOLARSHIP | $200 |
REECE A BRUNTON PURPOSE: COLLEGE SCHOLARSHIP | $200 |
SULLIVAN W POTTER PURPOSE: COLLEGE SCHOLARSHIP | $200 |