Joanna F Reed Medical Scholarship Trust
- Assets
- $256.6k
- Revenue
- $12.6k
- Investments
- $218.0k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 63-0805093
Organization Overview
Joanna F Reed Medical Scholarship Trust is located in Jackson, MS. The organization was established in 1981. 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. Joanna F Reed Medical 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 12/2021, Joanna F Reed Medical Scholarship Trust generated $12.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $17.4k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,225 |
| Capital Gain Net Income | $6,225 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,275 |
| Contributions, gifts, grants paid | $10,164 |
| Total expenses and disbursements | $17,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,612 |
| 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 | $256,609 |
| 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, Joanna F Reed Medical Scholarship Trust has awarded $10,164 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL BILLINGSLEY PURPOSE: SCHOLARSHIP | $5,082 |
ANDREA ZHANG PURPOSE: SCHOLARSHIP | $5,082 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
The Dch Foundation Inc Tuscaloosa, AL | $14,560,512 | $4,470,605 |
Brcc Facilities Corporation Baton Rouge, LA | $47,760,076 | $5,108,648 |
Birmingham Promise Inc Birmingham, AL | $10,392,219 | $8,427,108 |
The Arkansas Single Parent Scholarship Fund Springdale, AR | $12,312,372 | $7,533,231 |