Gay R Larsen Charitable Education Tr
- Assets
- $1.4m
- Revenue
- $145.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 55-6128918
Organization Overview
Gay R Larsen Charitable Education Tr is located in Wheeling, 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. Gay R Larsen Charitable Education Tr 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, Gay R Larsen Charitable Education Tr generated $145.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $88.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gay R Larsen Charitable Education Tr has awarded 387 individual grants totaling $773,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS TO HIGH SCHOOL GRADUATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Lawrence Jones Board Member | 0.5 | $250 | |
Bonnie Ritz Board Member | 0.5 | $250 | |
Janet Honecker Board Member | 0.5 | $250 | |
Name Not Listed Trustee | 4 | $14,694 | |
Elizabeth Hofreuter Board Member | 0.5 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,144 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,954 |
| Capital Gain Net Income | $23,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $145,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,694 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,483 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $198 |
| Total operating and administrative expenses | $18,575 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $88,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,970 |
| 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 | $763,323 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,411,551 |
| 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, Gay R Larsen Charitable Education Tr has awarded $70,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
IRELAND SHEA WAYT PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
KELSEY CRAWFORD PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
ANNABELLE BLOSSER PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
DANYELLE DUNLEVY PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
THOMAS PACKER PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
CHAD DURANTE PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |