Abe & Esther Manaster-Dr Charles H Solomon Scholarship Fund
- Assets
- $874.9k
- Revenue
- $361.5k
- Investments
- $843.4k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1980
- Data as of
- 06/2023
- EIN
- 52-1244793
Organization Overview
Abe & Esther Manaster-Dr Charles H Solomon Scholarship Fund is located in Dallas, TX. The organization was established in 1980. 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. Abe & Esther Manaster-Dr Charles H Solomon Scholarship Fund 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 06/2023, Abe & Esther Manaster-Dr Charles H Solomon Scholarship Fund generated $361.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $323.6k during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Abe & Esther Manaster-Dr Charles H Solomon Scholarship Fund has awarded 27 individual grants totaling $1,937,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $29,946 | |
Harry Papp Co-Trustee | 10 | $29,946 | |
Victoria S Cavallero Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $317,078 |
| Capital Gain Net Income | $317,078 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $361,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,892 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,445 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $69,602 |
| Contributions, gifts, grants paid | $254,000 |
| Total expenses and disbursements | $323,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,475 |
| 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 | $874,892 |
| 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, Abe & Esther Manaster-Dr Charles H Solomon Scholarship Fund has awarded $254,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CHICAGO PURPOSE: SCHOLARSHIPS FOR WORTHY & | $95,000 |
BRANDEIS UNIVERSITY PURPOSE: SCHOLARSHIPS FOR WORTHY & | $95,000 |
RUSH MEDICAL COLLEGE PURPOSE: SCHOLARSHIPS FOR WORTHY & | $19,000 |
ROOSEVELT UNIVERSITY PURPOSE: SCHOLARSHIPS FOR WORTHY & | $45,000 |