Zelma Gray Tr Under Item Viiib Of Last Will
- Assets
- $361.5k
- Revenue
- $11.0k
- Investments
- $357.8k
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 35-6808969
Organization Overview
Zelma Gray Tr Under Item Viiib Of Last Will is located in Wheeling, WV. The organization was established in 2013. 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. Zelma Gray Tr Under Item Viiib Of Last Will 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, Zelma Gray Tr Under Item Viiib Of Last Will generated $11.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $20.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Zelma Gray Tr Under Item Viiib Of Last Will has awarded 20 individual grants totaling $104,695. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESBANCO BANK - PROVIDE TECHNICAL ASSISTANCE BY MAINTAINING COMPLETE AND ACCURATE FINANCIAL RECORDS - FILING FORM 990-PF
FOUNDATION FOR APPALACHIAN OHIO - PROVIDE ASSISTANCE IN SOLICITING APPLICANTS FOR THE ZELMA GRAY SCHOLARSHIPS, PROCESSING APPLICATIONS, & AWARDING THE SCHOLARSHIPS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,291 |
| Capital Gain Net Income | $2,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,542 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,162 |
| Contributions, gifts, grants paid | $10,614 |
| Total expenses and disbursements | $20,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $683 |
| Net Accounts receivable | $3,056 |
| 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 | $357,799 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $361,538 |
| 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, Zelma Gray Tr Under Item Viiib Of Last Will has awarded $10,614 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: MEDICAL SCHOOL TUITION - | $5,307 |
OHIO UNIVERSITY PURPOSE: MEDICAL SCHOOL TUITION - | $5,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Military Officers Association Of America Scholarship Fund Alexandria, VA | $166,984,015 | $13,631,800 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |