Linder & Laura Hamblen Scholarship Endowment
- Assets
- $2.5m
- Revenue
- $344.2k
- Investments
- $2.4m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 54-2189213
Organization Overview
Linder & Laura Hamblen Scholarship Endowment is located in Bethesda, MD. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Linder & Laura Hamblen Scholarship Endowment 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, Linder & Laura Hamblen Scholarship Endowment generated $344.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $313.7k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Trustee | 2 | $42,749 | |
Anthony A Saridakis Esquire Co-Trustee | 2 | $21,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $272,809 |
| Capital Gain Net Income | $272,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $344,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,124 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,271 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $161 |
| Total operating and administrative expenses | $68,556 |
| Contributions, gifts, grants paid | $245,111 |
| Total expenses and disbursements | $313,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,950 |
| 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 | $1,328,188 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,486,195 |
| 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 |