South Morrow County Scholarship Trust
- Assets
- $716.1k
- Revenue
- $15.5k
- Investments
- $636.7k
- Employees
- 0
- Location
- Ione, OR
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 32-0420513
Organization Overview
South Morrow County Scholarship Trust is located in Ione, OR. The organization was established in 2014. 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. South Morrow County 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 12/2023, South Morrow County Scholarship Trust generated $15.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $38.0k during the year ending 12/2023. 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
PROVIDE SCHOLARSHIPS TO THE STUDENTS OF SOUTH MORROW COUNTY ON A FAIR AND NON-DISCRIMINATORY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Mccabe President | 0 | $0 | |
Andrea Nelson Vice President | 0 | $0 | |
Brandi Sweeney Secretary | 0 | $0 | |
Tricia Rollins Treasurer | 0 | $0 | |
Carrie Grieb Director | 0 | $0 | |
Cydney Mcelligott Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $15,430 |
| 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 | $0 |
| Total Revenue | $15,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,649 |
| Total operating and administrative expenses | $8,027 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $38,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,195 |
| Savings and temporary cash investments | $78,241 |
| 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 | $636,706 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $716,142 |
| 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, South Morrow County Scholarship Trust has awarded $30,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
MORGAN CORREA PURPOSE: SCHOLARSHIP | $1,000 |
KENNISYN WILKINS PURPOSE: SCHOLARSHIP | $1,000 |
KASON CIMMIYOTTI PURPOSE: SCHOLARSHIP | $1,000 |
KENNISYN WILKINS PURPOSE: SCHOLARSHIP | $1,000 |
MEGAN DOHERTY PURPOSE: SCHOLARSHIP | $1,000 |
KEVIN MURRAY PURPOSE: SCHOLARSHIP | $1,000 |