Christine R & W Shibley Scholarship Trust
- Assets
- $753.2k
- Revenue
- $21.0k
- Investments
- $718.5k
- Employees
- 0
- Location
- Dyersburg, TN
- Founding
- 12/2004
- Data as of
- 07/2024
- EIN
- 62-6329102
Organization Overview
Christine R & W Shibley Scholarship Trust is located in Dyersburg, TN. The organization was established in 2004. 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. Christine R & W Shibley 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 07/2024, Christine R & W Shibley Scholarship Trust generated $21.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $55.1k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Christine R & W Shibley Scholarship Trust has awarded 240 individual grants totaling $434,966. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED TO HIGH SCHOOL GRADUATES IN ACCORDANCE WITH THE TAX EXEMPT PURPOSES OF THE TRUST
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,412 |
| Dividends & Interest | $11,979 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,381 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,101 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $210 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,561 |
| Contributions, gifts, grants paid | $43,542 |
| Total expenses and disbursements | $55,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,678 |
| 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 | $753,219 |
| 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, Christine R & W Shibley Scholarship Trust has awarded $46,706 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW CAGLE PURPOSE: SCHOLARSHIP | $1,229 |
LANDON BIVENS PURPOSE: SCHOLARSHIP | $1,229 |
COOPER CALDWELL PURPOSE: SCHOLARSHIP | $1,229 |
BRAYDEN ROUSE PURPOSE: SCHOLARSHIP | $1,229 |
CALEY NICHOLS PURPOSE: SCHOLARSHIP | $1,229 |
CYDNEE CAPPS PURPOSE: SCHOLARSHIP | $1,229 |