Downey Memorial Music Scholarship Tr
- Assets
- $1.1m
- Revenue
- $82.8k
- Investments
- $623.0k
- Employees
- 0
- Location
- Hamilton, OH
- Founding
- Data as of
- 12/2021
- EIN
- 35-6526920
Organization Overview
Downey Memorial Music Scholarship Tr is located in Hamilton, OH. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2021, Downey Memorial Music Scholarship Tr generated $82.8k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $48.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $85 |
| Dividends & Interest | $28,866 |
| Net Rental Income | $41,135 |
| 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 | $3,213 |
| Total Revenue | $82,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,885 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,120 |
| Total operating and administrative expenses | $27,714 |
| Contributions, gifts, grants paid | $20,762 |
| Total expenses and disbursements | $48,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,460 |
| Savings and temporary cash investments | $85,934 |
| 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 | $0 |
| Net Land, buildings, and equipment | $318,088 |
| Other assets | $0 |
| Total assets | $1,075,470 |
| 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 |
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