Edward E Meyer Trust Nect
- Assets
- $1.8m
- Revenue
- $197.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 35-6259567
Organization Overview
Edward E Meyer Trust Nect is located in Cincinnati, OH. The organization was established in 2019. 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. Edward E Meyer Trust Nect 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, Edward E Meyer Trust Nect generated $197.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $160.2k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 4 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.
Since 2020, Edward E Meyer Trust Nect has awarded 236 individual grants totaling $351,000. 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 | $0 |
| Dividends & Interest | $54,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,669 |
| Capital Gain Net Income | $143,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $197,886 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,019 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,600 |
| Total operating and administrative expenses | $43,172 |
| Contributions, gifts, grants paid | $117,000 |
| Total expenses and disbursements | $160,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $113,096 |
| 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 | $1,732,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,845,372 |
| 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, Edward E Meyer Trust Nect has awarded $117,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: SCHOLARSHIP | $116,000 |
DEPAUW UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |