Jessie V Allhands Education Tr
- Assets
- $517.1k
- Revenue
- -$16.2k
- Investments
- $508.7k
- Employees
- 0
- Location
- Olney, IL
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 37-6305145
Organization Overview
Jessie V Allhands Education Tr is located in Olney, IL. The organization was established in 1999. 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. Jessie V Allhands Education Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Jessie V Allhands Education Tr has awarded 50 individual grants totaling $101,175. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JESSIE V. ALLHANDS EDUCATION TRUST IS TO PROVIDE SCHOLARSHIPS TO ELIGIBLE RECIPIENTS WHO HAVE GRADUATED OR WILL GRADUATE FROM EDWARDS COUNTY HIGH SCHOOL IN ALBION, IL. IN 2022 $28,500 IN SCHOLARSHIPS WERE DISTRIBUTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Citizens National Bank Trustee | 0 | $697 | |
Trustbank Trustee | 0 | $1,366 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,125 |
| Dividends & Interest | $12,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,781 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$16,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,413 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,817 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,230 |
| Contributions, gifts, grants paid | $28,500 |
| Total expenses and disbursements | $36,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,336 |
| Savings and temporary cash investments | $0 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $517,056 |
| 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, Jessie V Allhands Education Tr has awarded $28,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DARCY CLODFELTER PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |
ALEX KROLL PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
OLIVIA HALLAM PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
KAYLIE LAND PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
SAMUEL LYNCH PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
CALLIE MESEROLE PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |