The Banks Scholarship Tr
- Assets
- $1.7m
- Revenue
- $188.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 47-7129676
Organization Overview
The Banks Scholarship Tr is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Banks 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 12/2021, Banks Scholarship Tr generated $188.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $142.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wells Fargo Bank N A Trustee | 1 | $17,078 | |
Bob Harris Committee Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,070 |
| Capital Gain Net Income | $150,070 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,078 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,787 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $30,105 |
| Contributions, gifts, grants paid | $112,600 |
| Total expenses and disbursements | $142,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,734 |
| 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 | $1,695,469 |
| 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, The Banks Scholarship Tr has awarded $87,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA PURPOSE: SCHOLARSHIP | $30,200 |
GEORGIA SOUTHERN UNIVERISTY PURPOSE: SCHOLARSHIP | $15,200 |
Lagrange, GA PURPOSE: SCHOLARSHIP | $8,800 |
COLLEGE OF COSTAL GEORGIA PURPOSE: SCHOLARSHIP | $5,000 |
Atlanta, GA PURPOSE: SCHOLARSHIP | $5,000 |
Augusta, GA PURPOSE: SCHOLARSHIP | $3,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Grantmakers Los Angeles, CA | $26,044,815 | $33,994,479 |
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |