Albert L Spelas Scholarship Trust
- Assets
- $0.0
- Revenue
- $574.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rocky Hill, CT
- Founding
- Data as of
- 12/2019
- EIN
- 45-6355550
Organization Overview
Albert L Spelas Scholarship Trust is located in Rocky Hill, CT.
For the year ending 12/2019, Albert L Spelas Scholarship Trust generated $574.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Albert L Spelas Scholarship Trust has awarded 17 individual grants totaling $257,888. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE CHARITABLE CONTRIBUTIONS TO ORGANIZATIONS DESCRIBED IN ITS ORGANIZATION DOCUMENT.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $267 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $280 |
| Capital Gain Net Income | $280 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,182 |
| Total operating and administrative expenses | $8,332 |
| Contributions, gifts, grants paid | $34,407 |
| Total expenses and disbursements | $42,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Albert L Spelas Scholarship Trust has awarded $34,407 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EAST CATHOLIC HIGH SCHOOL PURPOSE: EDUCATION ASSISTANCE | $13,230 |
NORTHWEST CATHOLIC HIGH S PURPOSE: EDUCATION ASSISTANCE | $15,350 |
UNIVERSITY OF CONNECTICUT PURPOSE: EDUCATION ASSISTANCE | $5,827 |