Jerry D Lenon Memorial Scholarship Trust
- Assets
- $2.2m
- Revenue
- $157.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- North Manchester, IN
- Founding
- Data as of
- 10/2021
- EIN
- 81-6333277
Organization Overview
Jerry D Lenon Memorial Scholarship Trust is located in North Manchester, IN.
For the year ending 10/2021, Jerry D Lenon Memorial Scholarship Trust generated $157.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $158.9k during the year ending 10/2021. While expenses have increased by 9.0% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jerry D Lenon Memorial Scholarship Trust has awarded 96 individual grants totaling $383,663. 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 | $53,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $103,250 |
| Capital Gain Net Income | $103,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14 |
| Total Revenue | $157,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,549 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $334 |
| Total operating and administrative expenses | $36,083 |
| Contributions, gifts, grants paid | $122,783 |
| Total expenses and disbursements | $158,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,618 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $998 |
| Total assets | $2,166,972 |
| 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, Jerry D Lenon Memorial Scholarship Trust has awarded $205,128 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
KORBIN COX PURPOSE: COLLEGE SCHOLARSHIP | $10,000 |
ABIGAIL BIEGHLER PURPOSE: COLLEGE SCHOLARSHIP | $10,000 |
JORDAN LADD PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
SADIE DREADFULWATER PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
BRILEY BLOCHER PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
MAX SCHIMMEL PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
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