Grahame And Thelma Somerville Scholarship Foundation
- Assets
- $2.9m
- Revenue
- $110.3k
- Investments
- $2.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1993
- Data as of
- 10/2023
- EIN
- 35-6547210
Organization Overview
Grahame And Thelma Somerville Scholarship Foundation is located in Pittsburgh, PA. The organization was established in 1993. 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. Grahame And Thelma Somerville Scholarship Foundation 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 10/2023, Grahame And Thelma Somerville Scholarship Foundation generated $110.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $405.8k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grahame And Thelma Somerville Scholarship Foundation has awarded 79 individual grants totaling $1,621,055. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUED SCHOLARSHIPS TO THREE COLLEGES AND UNIVERSITIES ON BEHALF OF 10 STUDENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,967 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,818 |
| Capital Gain Net Income | $35,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,532 |
| Total Revenue | $110,317 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,346 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,508 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,210 |
| Total operating and administrative expenses | $39,064 |
| Contributions, gifts, grants paid | $366,704 |
| Total expenses and disbursements | $405,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,301 |
| 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 | $2,811,853 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,908,154 |
| 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, Grahame And Thelma Somerville Scholarship Foundation has awarded $366,704 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
JERED BASS PURPOSE: SCHOLARSHIP | $15,000 |
BRITTANY BOAKYE PURPOSE: SCHOLARSHIP | $15,000 |
MARY ROSE BUERANO PURPOSE: SCHOLARSHIP | $15,000 |
WILLLIAM CARRERA PURPOSE: SCHOLARSHIP | $15,000 |
TRAVIS KING PURPOSE: SCHOLARSHIP | $15,000 |
MATTHEW CLINE PURPOSE: SCHOLARSHIP | $11,377 |