Governor James B Longley Scholarship Foundation Trust
- Assets
- $232.3k
- Revenue
- $12.1k
- Investments
- $220.2k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 00/0000
- Data as of
- 08/2023
- EIN
- 01-0371179
Organization Overview
Governor James B Longley Scholarship Foundation Trust is located in Wilmington, DE. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Governor James B Longley Scholarship Foundation 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 08/2023, Governor James B Longley Scholarship Foundation Trust generated $12.1k 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 (5.3%) each year. All expenses for the organization totaled $30.1k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,067 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,045 |
| Capital Gain Net Income | $6,045 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,492 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $494 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,886 |
| Contributions, gifts, grants paid | $25,200 |
| Total expenses and disbursements | $30,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,098 |
| 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 | $220,152 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $232,250 |
| 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, Governor James B Longley Scholarship Foundation Trust has awarded $25,200 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL MAINE COMMUNITY COLLEGE PURPOSE: EDUCATIONAL | $1,200 |
UNIVERSITY OF MAINE AT FARMINGTON PURPOSE: EDUCATION | $3,600 |
BATES COLLEGE PURPOSE: EDUCATION | $3,600 |
BOWDOIN COLLEGE PURPOSE: EDUCATION | $3,600 |
EASTERN MAINE COMMUNITY COLLEGE PURPOSE: EDUCATION | $1,200 |
WASHINGTON COUNTY COMMUNITY COLLEGE PURPOSE: EDUCATION | $1,200 |