Minerva Club Trust Fund Inc
- Assets
- $283.9k
- Revenue
- $9.9k
- Investments
- $279.1k
- Employees
- 0
- Location
- Santa Maria, CA
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 77-0562319
Organization Overview
Minerva Club Trust Fund Inc is located in Santa Maria, CA. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Minerva Club Trust Fund Inc 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 12/2022, Minerva Club Trust Fund Inc generated $9.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $24.6k during the year ending 12/2022. 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
SCHOLARSHIPS PAID TO VARIOUS COLLEGES AND UNIVERSITIES STUDENTS SELECTED BY THE COLLEGE OR UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Reed Secretary | 10 | $0 | |
Barbara Steveson Treasurer | 10 | $0 | |
Norma Lenihan Trustee | 10 | $0 | |
Scottie Ortiz President | 10 | $0 | |
Pamela Risher Trustee | 10 | $0 | |
Eileen Hervey Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,800 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,189 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,065 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $445 |
| Total operating and administrative expenses | $6,443 |
| Contributions, gifts, grants paid | $18,200 |
| Total expenses and disbursements | $24,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,778 |
| 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 | $90 |
| Total assets | $283,947 |
| Accounts payable and accrued expenses | $4,432 |
| 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 | $4,432 |
Grants Awarded
Over the last fiscal year, Minerva Club Trust Fund Inc has awarded $18,200 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALLAN HANCOCK COLLEGE PURPOSE: SCHOLARSHIP | $2,800 |
CAL POLY PURPOSE: SCHOLARSHIP | $1,400 |
UNIVERSITY OF CALIFORNIA SANTA BARBARA PURPOSE: SCHOLARSHIP | $2,800 |
CSU CHANNEL ISLANDS PURPOSE: SCHOLARSHIP | $2,800 |
CSU DOMINGUEZ HILLS PURPOSE: SCHOLARSHIP | $1,400 |
KS STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,400 |