Elizabeth Welsh@young Memorial Scholarship Charitable Trust
- Assets
- $3.6m
- Revenue
- $304.9k
- Investments
- $3.5m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-6166483
Organization Overview
Elizabeth Welsh@young Memorial Scholarship Charitable Trust is located in Towson, MD. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Elizabeth Welsh@young Memorial Scholarship Charitable 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 12/2021, Elizabeth Welsh@young Memorial Scholarship Charitable Trust generated $304.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $264.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Elizabeth Welsh@young Memorial Scholarship Charitable Trust has awarded 22 individual grants totaling $347,065. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward C Covahey Trustee | 1 | $7,776 | |
Elizabeth Reese Boozer Trustee | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $138,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166,548 |
| Capital Gain Net Income | $166,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $304,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,776 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,127 |
| Contributions, gifts, grants paid | $246,000 |
| Total expenses and disbursements | $264,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $106,445 |
| 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 | $330,294 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,612,368 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $58 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $58 |
Grants Awarded
Over the last fiscal year, Elizabeth Welsh@young Memorial Scholarship Charitable Trust has awarded $246,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALLISON FLING PURPOSE: SCHOLARSHIP | $26,500 |
BELLA-ROSE BROOKS PURPOSE: SCHOLARSHIP | $20,000 |
LAILA LLOYD PURPOSE: SCHOLARSHIP | $20,000 |
AVA MILLER PURPOSE: SCHOLARSHIP | $20,000 |
ZORA COVER PURPOSE: SCHOLARSHIP | $20,000 |
RAINA MCDONOUGH PURPOSE: SCHOLARSHIP | $19,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Venture Philanthropy Partners Inc Washington, DC | $4,166,381 | $6,325,429 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
Helena Devereux Foundation Villanova, PA | $208,303,000 | $15,868,103 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |
Ncf Supporting Organization Wilmington, DE | $1,802,740 | $4,444,698 |