John George Jr Paragraph X Trust
- Assets
- $30.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 91-1956771
Organization Overview
John George Jr Paragraph X Trust is located in Detroit, MI. The organization was established in 0000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations.
For the year ending 12/2022, John George Jr Paragraph X Trust generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John George Jr Paragraph X Trust has awarded 147 individual grants totaling $5,932,966. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW COST COLLEGE LOANS TO STUDENTS FROM JACKSON AREA HIGH SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO AWARD LOW COST COLLEGE LOANS TO STUDENTS FROM JACKSON AREA HIGH SCHOOLS.
TO PROVIDE GRANTS TO ORGANIZATIONS LOCATED IN THE JACKSON AREA THAT PROVIDE EDUCATIONAL PROGRAMS FOR CHILDREN IN JACKSON COUNTY.
TO PROVIDE GRANTS TO ORGANIZATIONS LOCATED IN THE JACKSON AREA THAT PROVIDE EDUCATIONAL PROGRAMS FOR CHILDREN IN JACKSON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Kane Trustee | OfficerTrustee | 7 | $44,000 |
Barbara Geisman Meyers Trustee | OfficerTrustee | 7 | $44,000 |
Edwin Payne Trustee | OfficerTrustee | 7 | $44,000 |
Name Not Listed Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $337,013 |
| Investment income | $518,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $287,823 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,152,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,238,049 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $115,788 |
| Fees for services: Legal | $64,071 |
| Fees for services: Accounting | $2,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,636 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $548 |
| All other expenses | $2,061 |
| Total functional expenses | $1,729,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,954 |
| Savings and temporary cash investments | $4,291,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,518 |
| Investments—publicly traded securities | $11,148,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,793,280 |
| Total assets | $30,242,126 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $16,563,387 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $13,678,739 |
| Total liabilities and net assets/fund balances | $30,242,126 |
Grants Awarded
Over the last fiscal year, John George Jr Paragraph X Trust has awarded $1,233,049 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA SCHOOL DISTRICT PURPOSE: EDUCATION BENEFIT GR | $30,000 |
COMPASSIONATE MINISTRIES OF JACKSON PURPOSE: EDUCATIONAL PROGRAM | $50,000 |
CONCORD COMMUNITY SCHOOLS PURPOSE: EDUCATION BENEFIT GR | $30,000 |
DA VINCI CHARTER SCHOOL PURPOSE: EDUCATION BENEFIT GR | $37,500 |
EAST JACKSON COMMUNITY SCHOOLS PURPOSE: EDUCATION BENEFIT GR | $46,525 |
FAMILY SERVICES AND CHILDREN'S AID PURPOSE: EDUCATION PROGRAM | $138,900 |