Richardson Scholarship Trust
- Assets
- $24.9k
- Revenue
- $874.0
- Investments
- $24.9k
- Employees
- 0
- Location
- Duncan, OK
- Founding
- 04/1984
- Data as of
- 10/2022
- EIN
- 73-1194321
Organization Overview
Richardson Scholarship Trust is located in Duncan, OK. The organization was established in 1984. 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. Richardson 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 10/2022, Richardson Scholarship Trust generated $874.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $975.0 during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL COLLEGIATE SCHOLARSHIPS TO DUNCAN HIGH SCHOOL GRADUATES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $279 |
| Capital Gain Net Income | $128 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $975 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $24,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,866 |
| 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, Richardson Scholarship Trust has awarded $2,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ETHAN SMITH PURPOSE: EDUCATIONAL SCHOLARSHIP | $650 |
LINCOLN FITTS PURPOSE: EDUCATIONAL SCHOLARSHIP | $650 |
ETHAN SMITH PURPOSE: EDUCATIONAL SCHOLARSHIP | $650 |
LINCOLN FITTS PURPOSE: EDUCATIONAL SCHOLARSHIP | $650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |