Lena Y Meharg Shcolarship Trust
- Assets
- $292.5k
- Revenue
- $22.0k
- Investments
- $289.5k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 12/1962
- Data as of
- 08/2022
- EIN
- 63-6017711
Organization Overview
Lena Y Meharg Shcolarship Trust is located in Birmingham, AL. The organization was established in 1962. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lena Y Meharg Shcolarship 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 08/2022, Lena Y Meharg Shcolarship Trust generated $22.0k 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 $21.1k during the year ending 08/2022. While expenses have increased by 0.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,929 |
| Capital Gain Net Income | $13,929 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,568 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $526 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,428 |
| Contributions, gifts, grants paid | $13,690 |
| Total expenses and disbursements | $21,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,998 |
| 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 | $289,529 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $292,527 |
| 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, Lena Y Meharg Shcolarship Trust has awarded $13,690 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Jacksonville, AL PURPOSE: SCHOLARSHIPS | $6,510 |
AUBURN UNIVERSITY PURPOSE: SCHOLARSHIP | $2,840 |
GADSDEN STATE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $1,200 |
UNIVERSITY OF ALABAMA PURPOSE: SCHOLARSHIPS | $1,200 |
TROY UNIVERSITY PURPOSE: SCHOLARSHIPS | $970 |
Provo, UT PURPOSE: SCHOLARSHIPS | $970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Lattner Family Foundation Inc Delray Beach, FL | $83,049,454 | $6,453,485 |