Robert W Mccormick Scholarship Fund Trust
- Assets
- $2.2m
- Revenue
- $304.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- Charles Town, WV
- Founding
- 04/1996
- Data as of
- 04/2022
- EIN
- 55-0734149
Organization Overview
Robert W Mccormick Scholarship Fund Trust is located in Charles Town, WV. The organization was established in 1996. 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. Robert W Mccormick Scholarship Fund Trust 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 04/2022, Robert W Mccormick Scholarship Fund Trust generated $304.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $278.4k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert W Mccormick Scholarship Fund Trust has awarded 484 individual grants totaling $2,489,499. 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 |
|---|---|---|---|
Name Not Listed Co-Trustee | 5 | $26,848 | |
F Samuel Byrer Co-Trustee | 1.5 | $14,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $87,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $217,039 |
| Capital Gain Net Income | $217,039 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $304,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,848 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $697 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $43,958 |
| Contributions, gifts, grants paid | $234,446 |
| Total expenses and disbursements | $278,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $26,400 |
| 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 | $1,963,676 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,187,372 |
| 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, Robert W Mccormick Scholarship Fund Trust has awarded $234,446 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
GARCIA MAHAYANA C PURPOSE: ROOM AND BOARD | $13,718 |
HENSHAW MADISON R PURPOSE: ROOM AND BOARD | $13,260 |
CRONIN OLIVIA S PURPOSE: ROOM AND BOARD | $12,000 |
MARRS SARAH K PURPOSE: ROOM AND BOARD | $12,000 |
CHEN LEAH K PURPOSE: ROOM AND BOARD | $12,000 |
VELLA KAYLA G PURPOSE: ROOM AND BOARD | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
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 |
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 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |