Lott Enterprises Of Maryland Scholarship Foundation Inc
- Assets
- $147.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington Park, MD
- Founding
- 06/2010
- Data as of
- 06/2024
- EIN
- 80-0535778
Organization Overview
Lott Enterprises Of Maryland Scholarship Foundation Inc is located in Lexington Park, MD. The organization was established in 2010. 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. Lott Enterprises Of Maryland Scholarship Foundation 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 06/2024, Lott Enterprises Of Maryland Scholarship Foundation Inc generated $39.0 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 (25.7%) each year. All expenses for the organization totaled $4.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS FOR COLLEGE TUITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Waters Treasurer | 1 | $0 | |
Sylvia Brown President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $39 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $18 |
| Other expenses | $0 |
| Total expenses | $4,518 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,921 |
| Other assets | $0 |
| Total assets | $147,171 |
| Total liabilities | $0 |
| Net assets or fund balances | $147,171 |