Norall Scholarship Trust
- Assets
- $119.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 47-6207481
Organization Overview
Norall Scholarship Trust is located in Lincoln, NE. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norall 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 12/2022, Norall Scholarship Trust generated $5.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE NORALL SCHOLARSHIP TRUST PROVIDES GRANTS TO THE LEXINGTON PUBLIC SCHOOL FOUNDATION TO BE USED TO AWARD SCHOLARSHIPS. ON 8/1/2002, THE LEXINGTON PUBLIC SCHOOL FOUNDATION MERGED INTO THE LEXINGTON COMMUNITY FOUNDATION. THE NORALL SCHOLARSHIPS ARE TO BE AWARDED BY THE LEXINGTON COMMUNITY FOUNDATION TO STUDENTS WHO DESIRE TO OR ARE FURTHERING THEIR EDUCATION AND TRAINING IN MEDICAL FIELDS OF DENTISTRY, PHARMACY AND OPTOMETRY. SCHOLARSHIPS SHALL BE AWARDED ANNUALLY TO GRADUATING SENIORS OF HIGH SCHOOLS IN DAWSON COUNTY, NEBRASKA.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,742 |
| Gain or Loss | $1,859 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,601 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,125 |
| Professional fees and other payments to independent contractors | $745 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49 |
| Total expenses | $17,919 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,737 |
| Other assets | $0 |
| Total assets | $119,709 |
| Total liabilities | $0 |
| Net assets or fund balances | $119,709 |