John U Parolo Educational Tr
- Assets
- $5.1m
- Revenue
- $177.0k
- Investments
- $4.8m
- Employees
- 0
- Location
- Pittsburg, KS
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-6852889
Organization Overview
John U Parolo Educational Tr is located in Pittsburg, KS. The organization was established in 2019. 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. John U Parolo Educational 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 12/2022, John U Parolo Educational Tr generated $177.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (66.4%) each year.
Since 2020, John U Parolo Educational Tr has awarded 14 individual grants totaling $2,254,700. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL INSTITUTIONS AND STUDENTS FUNDS FOR SCHOLARSHIPS IN THE FIELDS OF MEDICINE NURSING ENGINEERING MATH AND SCIENCES
TO PROVIDE FUNDS TO PUBLIC CHARITIES OPERATING IN SOUTHEAST KANSAS FOR RESEARCH ENDOWMENT BUILDING PROJECTS AND EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Wachter Trustee | 1 | $15,000 | |
Tracy Mussa Director | 1 | $15,000 | |
Carrie Amershek Director | 1 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,290 |
| Dividends & Interest | $21,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $148,171 |
| Capital Gain Net Income | $148,171 |
| Net ST Capital Gain | $298,494 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $177,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $55,555 |
| Contributions, gifts, grants paid | $771,512 |
| Total expenses and disbursements | $827,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $273,463 |
| 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 | $22,726 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,125,003 |
| 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, John U Parolo Educational Tr has awarded $771,512 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT CARMEL FOUNDATION PURPOSE: TO PROVIDE SUPPORT FOR THE EDUCATION OF STUDENTS | $50,000 |
COMMUNITY HEALTH CENTER SE KANSAS PURPOSE: TO PROVIDE SUPPORT FOR THE EDUCATION OF STUDENTS | $250,000 |
PITTSBURG ST UNIVERSITY FOUNDATION PURPOSE: TO PROVIDE SCHOLARSHIP FUNDS TO NURSING STUDENTS | $21,512 |
PITTSBURG ST UNIVERSITY FOUNDATION PURPOSE: TO PROVIDE SUPPORT FOR THE EDUCATION OF STUDENTS | $400,000 |
MINERS HALL MUSEUM FOUNDATION PURPOSE: TO PROVIDE EDUCATIONAL SUPPORT TO STUDENTS | $50,000 |