David E Oram Scholarship Trust
- Assets
- $25.8k
- Revenue
- $2.1k
- Investments
- $23.1k
- Employees
- 0
- Location
- Watseka, IL
- Founding
- 02/1993
- Data as of
- 07/2024
- EIN
- 37-6297526
Organization Overview
David E Oram Scholarship Trust is located in Watseka, IL. 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. David E Oram Scholarship 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 07/2024, David E Oram Scholarship Trust generated $2.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $1.9k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWO SCHOLARSHIPS EACH YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First Trust Savings Bank Trustee | 0 | $500 | |
David Adriano Superintendent Trustee | 0 | $0 | |
Trent Eshleman Principal Trustee | 0 | $0 | |
Brittany Cluver Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,335 |
| Interest on Savings | $69 |
| Dividends & Interest | $652 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $2,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $740 |
| Contributions, gifts, grants paid | $1,192 |
| Total expenses and disbursements | $1,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,712 |
| 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 | $23,063 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,775 |
| 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, David E Oram Scholarship Trust has awarded $1,192 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EVAN LABELLE PURPOSE: SCHOLARSHIP | $596 |
HAVEN MEYER PURPOSE: SCHOLARSHIP | $596 |