South Morrow County Scholarship Trust
- Assets
- $1.2m
- Revenue
- $51.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Ione, OR
- Founding
- 08/2014
- Data as of
- 12/2021
- 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 12/2021, South Morrow County Scholarship Trust generated $51.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $58.5k during the year ending 12/2021. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandi Sweeney Secretary | Officer | $0 | |
Ginger Bowman Vice President | Officer | $0 | |
Tricia Rollins Treasurer | Officer | $0 | |
Adam Mccabe President | Officer | $0 | |
Martha Munkers Director | Trustee | $0 | |
Carrie Grieb Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25 |
| Interest on Savings | $6,488 |
| Dividends & Interest | $12,690 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,220 |
| Capital Gain Net Income | $32,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,480 |
| Total operating and administrative expenses | $6,007 |
| Contributions, gifts, grants paid | $52,500 |
| Total expenses and disbursements | $58,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,724 |
| Savings and temporary cash investments | $110,507 |
| 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 | $1,113,251 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,225,482 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that South Morrow County Scholarship Trust has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Lamb Weston Charitable Foundation Eagle, ID PURPOSE: COMMUNITY SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |
Aim High For High School San Francisco, CA | $16,769,829 | $8,542,802 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Monarch School Project San Diego, CA | $10,858,774 | $7,145,400 |