Grant Munro Scholarship Trust
- Assets
- $5.9m
- Revenue
- $286.2k
- Investments
- $5.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/1996
- Data as of
- 05/2023
- EIN
- 31-6517313
Organization Overview
Grant Munro Scholarship Trust is located in Pittsburgh, PA. 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. Grant Munro 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 05/2023, Grant Munro Scholarship Trust generated $286.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $441.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Grant Munro Scholarship Trust has awarded 62 individual grants totaling $1,070,052. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pnc Bank Na Trustee | 6 | $30,112 | |
Scholarship America Distribution Committee | 1 | $4,060 | |
Pnc Bank Na Trustee | 6 | $30,112 | |
Scholarship America Distribution Committee | 1 | $4,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $208,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,583 |
| Capital Gain Net Income | $77,583 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,190 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,878 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,899 |
| Total operating and administrative expenses | $46,636 |
| Contributions, gifts, grants paid | $394,440 |
| Total expenses and disbursements | $441,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $588,634 |
| 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 | $4,463,402 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,921,878 |
| 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, Grant Munro Scholarship Trust has awarded $394,440 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AUBREY SPEAKMAN CO PNC BANK PURPOSE: SCHOLARSHIP | $20,000 |
BRENNA REED CO PNC BANK PURPOSE: SCHOLARSHP | $3,166 |
MASON ORTIZ CO PNC BANK PURPOSE: SCHOLARSHIP | $20,000 |
SHIVANI KOTHARI CO PNC BANK PURPOSE: SCHOLARSHIP | $20,000 |
DANIEL TURNER CO PNC BANK PURPOSE: SCHOLARSHIP | $20,000 |
BIANCA EICHHORN CO PNC BANK PURPOSE: SCHOLARSHIP | $20,000 |