Mary Cecile Chambers Scholarship Tr
- Assets
- $5.8m
- Revenue
- $522.7k
- Investments
- $5.7m
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 00/0000
- Data as of
- 03/2024
- EIN
- 76-6071425
Organization Overview
Mary Cecile Chambers Scholarship Tr is located in Galveston, TX. The organization was established in 0000. 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. Mary Cecile Chambers Scholarship Tr 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 03/2024, Mary Cecile Chambers Scholarship Tr generated $522.7k 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 (15.7%) each year. All expenses for the organization totaled $540.1k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mary Cecile Chambers Scholarship Tr has awarded 18 individual grants totaling $3,229,096. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $202,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $316,760 |
| Capital Gain Net Income | $316,760 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,633 |
| Total Revenue | $522,745 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,002 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,066 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,217 |
| Total operating and administrative expenses | $80,385 |
| Contributions, gifts, grants paid | $459,668 |
| Total expenses and disbursements | $540,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $81,171 |
| 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 | $9,515 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,711,175 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $5,801,862 |
| 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, Mary Cecile Chambers Scholarship Tr has awarded $459,668 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF LIGHT CATHOLIC CHURCH PURPOSE: DEVISE UNDER WILL | $1,000 |
VARIOUS STUDENTS & UNIVERSITIES PURPOSE: EDUCATIONAL GRANTS | $458,668 |