Hughes Cedric Scholarship Tr
- Assets
- $344.0k
- Revenue
- $6.2k
- Investments
- $321.1k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 41-6415622
Organization Overview
Hughes Cedric Scholarship Tr is located in Las Vegas, NV. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hughes Cedric Scholarship Tr 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, Hughes Cedric Scholarship Tr generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.5%) each year. All expenses for the organization totaled $30.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,929 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,696 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,312 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $10,618 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $30,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,878 |
| 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 | $242,214 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $343,964 |
| 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, Hughes Cedric Scholarship Tr has awarded $20,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE EASTERN IDAHO FBO ANNA CARLSON PURPOSE: SCHOLARSHIP | $2,000 |
BEMIDJI ST UNIV FBO LANDON ERICKSON PURPOSE: SCHOLARSHIP | $2,000 |
NORTH DAKOTA ST UNIV FBO MORGAN LEBLANC PURPOSE: SCHOLARSHIP | $2,000 |
NORTH DAKOTA ST UNIV FBO PURPOSE: SCHOLARSHIP | $2,000 |
BETHEL UNIV FBO SYDNEY ROBERTS PURPOSE: SCHOLARSHIP | $2,000 |
CENTRAL LAKES COLLEGE FBO HAYLEE HANSON PURPOSE: SCHOLARSHIP | $2,000 |