Maria Elizondo Scholarship Trust
- Assets
- $1.2m
- Revenue
- $106.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Montrose, CO
- Founding
- 09/1998
- Data as of
- 06/2022
- EIN
- 84-6328479
Organization Overview
Maria Elizondo Scholarship Trust is located in Montrose, CO. The organization was established in 1998. 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. Maria Elizondo Scholarship 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 06/2022, Maria Elizondo Scholarship Trust generated $106.0k 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 (9.4%) each year. All expenses for the organization totaled $124.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Maria Elizondo Scholarship Trust has awarded 14 individual grants totaling $210,000. 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
PROVIDED SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR COLLEGE FOR $15,000 PER ACADEMIC YEAR, RENEWABLE FOR UP TO 4 YEARS.
MONITORED PROGRESS/ACHIEVEMENTS OF SCHOLARSHIP RECIPIENTS IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor T Roushar Trustee | 2 | $5,536 | |
Joseph D Whitley Trustee | 2 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $54,726 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,226 |
| Capital Gain Net Income | $51,226 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,956 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,536 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $61 |
| Printing and publications | $0 |
| Other expenses | $8 |
| Total operating and administrative expenses | $19,290 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $124,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,993 |
| 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 | $1,117,859 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,205,852 |
| 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 | $570 |
| Total liabilities | $570 |
Grants Awarded
Over the last fiscal year, Maria Elizondo Scholarship Trust has awarded $105,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JARED GRAY PURPOSE: TUITION, FEES, BKS, RM & BD | $15,000 |
RYAN FIFE PURPOSE: TUITION, FEES, BKS, RM & BD | $15,000 |
GABREILA GORRINO PURPOSE: TUITION, FEES, BKS, RM & BD | $15,000 |
KENNETH GIFFORD PURPOSE: TUITION, FEES, BKS, RM & BD | $15,000 |
SEYDEANNA DELGADO PURPOSE: TUITION, FEES, BKS, RM & BD | $15,000 |
SAGE FRONTELLA PURPOSE: TUITION, FEES, BKS, RM & BD | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |