Arthurs Enterprises Inc Scholarship Foundation
- Assets
- $4.4k
- Revenue
- $34.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 12/1991
- Data as of
- 06/2021
- EIN
- 55-0709058
Organization Overview
Arthurs Enterprises Inc Scholarship Foundation is located in Huntington, WV. The organization was established in 1991. 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. Arthurs Enterprises Inc Scholarship Foundation 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 06/2021, Arthurs Enterprises Inc Scholarship Foundation generated $34.0k 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 (5.8%) each year. All expenses for the organization totaled $32.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arthurs Enterprises Inc Scholarship Foundation has awarded 156 individual grants totaling $238,250. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AND ADVANCING CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES BY PROVIDING SCHOLARSHIPS FOR CHILDREN OF EMPLOYEES OF ARTHUR'S ENTERPRISES, INC., STATE ELECTRIC SUPPLY COMPANY AND SERVICE WIRE COMPANY. EIGHT (8) SCHOLARSHIPS OF $2,000 EACH AND ELEVEN (11) SCHOLARSHIPS OF $1,500 EACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Weisberg Chairman/president | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,000 |
| Interest on Savings | $3 |
| 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 | $34,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $32,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,436 |
| 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 | $4,436 |
| 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, Arthurs Enterprises Inc Scholarship Foundation has awarded $32,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
EMILY FRITZ PURPOSE: SCHOLARSHIP | $2,000 |
KADY SHOULTS PURPOSE: SCHOLARSHIP | $2,000 |
MATTHEW PERRY PURPOSE: SCHOLARSHIP | $2,000 |
TAJIA MCWHORTER PURPOSE: SCHOLARSHIP | $2,000 |
SARAH COMBS PURPOSE: SCHOLARSHIP | $2,000 |
TRISTAN OLDAKER PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Military Officers Association Of America Scholarship Fund Alexandria, VA | $166,984,015 | $13,631,800 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |