Helen B Russell & Robert H Russell Scholarship Fund
- Assets
- $451.1k
- Revenue
- $17.4k
- Investments
- $416.3k
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 55-6122686
Organization Overview
Helen B Russell & Robert H Russell Scholarship Fund is located in Wheeling, WV. The organization was established in 1994. 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. Helen B Russell & Robert H Russell 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 12/2022, Helen B Russell & Robert H Russell Scholarship Fund generated $17.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $30.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $3,352 | |
Martha Jean Hsu Scholarship Trustee | 1 | $0 | |
Robert H Russell Jr Scholarship Trustee | 1 | $0 | |
Carol Hranko Scholarship Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,242 |
| Capital Gain Net Income | $5,242 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $288 |
| Total Revenue | $17,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,352 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $907 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,691 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $30,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469 |
| Savings and temporary cash investments | $34,259 |
| 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 | $451,057 |
| 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, Helen B Russell & Robert H Russell Scholarship Fund has awarded $22,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MATT FOUTY PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,400 |
KENDRAH BUTLER PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,500 |
HALEY ESPOSITO PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,000 |
BRANDI GRAHAM PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,000 |
JULIE SCHLANZ PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,000 |
MADELYN BARTON PURPOSE: MARIETTA | $3,000 |