Mcroberts Memorial Law Scholarship Fund
- Assets
- $865.2k
- Revenue
- $17.9k
- Investments
- $822.8k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1954
- Data as of
- 09/2023
- EIN
- 37-6043864
Organization Overview
Mcroberts Memorial Law Scholarship Fund is located in Pittsburgh, PA. The organization was established in 1954. 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. Mcroberts Memorial Law Scholarship Fund 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 09/2023, Mcroberts Memorial Law Scholarship Fund generated $17.9k 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 (8.5%) each year. All expenses for the organization totaled $56.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mcroberts Memorial Law Scholarship Fund has awarded 24 individual grants totaling $178,414. 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 | $21,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,179 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86 |
| Total Revenue | $17,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,221 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $504 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,291 |
| Total operating and administrative expenses | $16,016 |
| Contributions, gifts, grants paid | $40,492 |
| Total expenses and disbursements | $56,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,483 |
| 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 | $822,754 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $865,237 |
| 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, Mcroberts Memorial Law Scholarship Fund has awarded $40,492 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ZOE WALTON PURPOSE: SCHOLARSHIP | $9,164 |
JOHN IERULLI PURPOSE: SCHOLARSHIP | $3,000 |
JACK WALTON PURPOSE: SCHOLARSHIP | $9,164 |
JAMES NELSON PURPOSE: SCHOLARSHIP | $9,164 |
CLAUDIA CUMMINGS PURPOSE: SCHOLARSHIP | $10,000 |