George V & Cora A Betts Trust
- Assets
- $433.4k
- Revenue
- $69.0k
- Investments
- $135.9k
- Employees
- 0
- Location
- Monticello, IL
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 37-6267420
Organization Overview
George V & Cora A Betts Trust is located in Monticello, IL. The organization was established in 1997. 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. George V & Cora A Betts Trust 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 12/2022, George V & Cora A Betts Trust generated $69.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $48.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George V & Cora A Betts Trust has awarded 128 individual grants totaling $261,800. 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 | $5,132 |
| Net Rental Income | $55,038 |
| Net Gain on Sale of Assets | $1,920 |
| Capital Gain Net Income | $1,920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,584 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,171 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,001 |
| Total operating and administrative expenses | $16,206 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $48,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,530 |
| 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 | $6 |
| Net Land, buildings, and equipment | $224,000 |
| Other assets | $0 |
| Total assets | $433,383 |
| 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, George V & Cora A Betts Trust has awarded $32,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN ILLINOIS UNIVERSITY PURPOSE: SCHOLARSHIP | $4,000 |
LAKE LAND COLLEGE PURPOSE: SCHOLARSHIPS | $8,000 |
UNIVERSITY OF ILLINOIS PURPOSE: SCHOLARSHIPS | $8,000 |
LEE UNIVERSITY PURPOSE: SCHOLARSHIP | $4,000 |
MURRAY STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $4,000 |
JOHN LOGAN COLLEGE PURPOSE: SCHOLARSHIP | $4,000 |