Westmoreland County Public School Scholarship Fund
- Assets
- $0.0
- Revenue
- $3.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Montross, VA
- Founding
- 06/1987
- Data as of
- 06/2020
- EIN
- 54-1394300
Organization Overview
Westmoreland County Public School Scholarship Fund is located in Montross, VA. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations.
For the year ending 06/2020, Westmoreland County Public School Scholarship Fund generated $3.6k 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 (7.2%) each year. All expenses for the organization totaled $320.8k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Westmoreland County Public School Scholarship Fund has awarded 18 individual grants totaling $335,276. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS WHO HAVE GRADUATED FROM THE WESTMORELAND COUNTY PUBLIC SCHOOL SYSTEM. COPIES OF APPLICATION AND BY-LAWS ARE ON FILE WITH IRS. THE SCHOLARSHIP FUND TERMINATED OPERATIONS AS OF JUNE 3, 2020 AND AS REQUIRED UNDER THE FUND'S TRUST AGREEMENT ALL FUNDS WERE TRANSFERRED TO THE WESTMORELAND COUNTY SCHOOL BOARD, 141 OPAL LANE, MONTROSS, VA 22520 FOR THE BENEFIT OF WESTMORELAND COUNTY, VA STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary H Ingram Trustee | 0 | $0 | |
Frank E English Jr Trustee | 0 | $0 | |
Larry D Greene Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,560 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $99 |
| Contributions, gifts, grants paid | $320,726 |
| Total expenses and disbursements | $320,825 |
| 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, Westmoreland County Public School Scholarship Fund has awarded $320,726 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTMORELAND COUNTY SCHOOL BOARD PURPOSE: WESTMORELAND COUNTY STUDENTS | $319,726 |
NICHOLAS FONES PURPOSE: SCHOLARSHIP/GEORGE MASON UNIV | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Westmoreland County Public School Scholarship Fund has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Jobs For Virginia Graduates Inc Rockville, VA PURPOSE: TO PROVIDE THE SCHOOL SYSTEM WITH FUNDS TO CREATE AND OPERATE PROGRAMS PROVIDING JOB TRAINING FOR AT RISK STUDENTS. | $50,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: ENVIRONMENTAL STEWARDSHIP AND LONG-TERM SUSTAINABILITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |