Mervin Britton Memorial Scholarship Fund
- Assets
- $917.4k
- Revenue
- $21.1k
- Investments
- $872.1k
- Employees
- 0
- Location
- Springfield, OH
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 31-6511170
Organization Overview
Mervin Britton Memorial Scholarship Fund is located in Springfield, OH. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mervin Britton Memorial 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 12/2022, Mervin Britton Memorial Scholarship Fund generated $21.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $56.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mervin Britton Memorial Scholarship Fund has awarded 156 individual grants totaling $286,567. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $591 |
| Dividends & Interest | $22,721 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,168 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,676 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $12,485 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $56,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,055 |
| Net Accounts receivable | $176 |
| 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 | $917,375 |
| 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, Mervin Britton Memorial Scholarship Fund has awarded $44,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KYNDALL BERNER PURPOSE: SCHOLARSHIP | $4,000 |
SYDNEY LAMB PURPOSE: SCHOLARSHIP | $4,000 |
ALLYSON WHITTAKER PURPOSE: SCHOLARSHIP | $4,000 |
MACY DEHART PURPOSE: EDUCATION | $4,000 |
HANNAH MESSENGER PURPOSE: EDUCATION | $4,000 |
XAVIER PRENATT PURPOSE: EDUCATION | $4,000 |