Nellie Martin Carman Scholarship Trust
- Assets
- $2.0m
- Revenue
- $174.3k
- Investments
- $1.9m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 05/1973
- Data as of
- 05/2024
- EIN
- 91-6023774
Organization Overview
Nellie Martin Carman Scholarship Trust is located in Brooklyn, OH. The organization was established in 1973. 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. Nellie Martin Carman 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 05/2024, Nellie Martin Carman Scholarship Trust generated $174.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $149.7k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nellie Martin Carman Scholarship Trust has awarded 41 individual grants totaling $457,200. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUST DISTRIBUTES ITS INCOME IN THE FORM OF SCHOLARSHIPS TO THE INDIVIDUALS LISTED.
THE TRUST ALSO DISTRIBUTES SPECIFIC FUNDS IN PERPETUITY TO EIGHT DIFFERENT CHARITABLE ORGANIZATIONS LISTED.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,093 |
| Capital Gain Net Income | $105,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $174,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,793 |
| Other employee salaries and wages | $16,706 |
| Pension plans, employee benefits | $2,984 |
| Interest | $0 |
| Taxes | $4,486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,647 |
| Total operating and administrative expenses | $58,716 |
| Contributions, gifts, grants paid | $91,000 |
| Total expenses and disbursements | $149,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $126,658 |
| 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 | $1,911,077 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,037,735 |
| 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, Nellie Martin Carman Scholarship Trust has awarded $91,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE FOR THE BLIND INC PURPOSE: GENERAL OPERATING | $100 |
CHILDHAVEN PURPOSE: GENERAL OPERATING | $100 |
PRETTY PRAIRE UNITED PURPOSE: GENERAL OPERATING | $100 |
UNITED WAY OF KING COUNTY PURPOSE: GENERAL OPERATING | $200 |
CHILDRENS HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING | $200 |
SEATTLE CHILDRENS HOME PURPOSE: GENERAL OPERATING | $100 |