Cash Hugh I Scholarship Trust
- Assets
- $321.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklinton, NC
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 57-6144116
Organization Overview
Cash Hugh I Scholarship Trust is located in Franklinton, NC. The organization was established in 1992. 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. Cash Hugh I Scholarship 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 12/2022, Cash Hugh I Scholarship Trust generated $12.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $28.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS ARE AWARDED TO COLLEGE STUDENTS BASED ON CERTAIN CRITERIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Mcghee Trustee | 1 | $0 | |
Thomas Piper Trustee | 1 | $0 | |
Rhonda Schuhler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $14,074 |
| Gain or Loss | -$1,518 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $12,556 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,099 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,591 |
| Total expenses | $28,690 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $321,229 |
| Other assets | $0 |
| Total assets | $321,229 |
| Total liabilities | $0 |
| Net assets or fund balances | $321,229 |