Verner W Hanson Endowement Scholarship
- Assets
- $727.9k
- Revenue
- $42.8k
- Investments
- $717.5k
- Employees
- 0
- Location
- Johnstown, PA
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 05-0626648
Organization Overview
Verner W Hanson Endowement Scholarship is located in Johnstown, PA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verner W Hanson Endowement Scholarship 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 12/2023, Verner W Hanson Endowement Scholarship generated $42.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $50.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Verner W Hanson Endowement Scholarship has awarded 30 individual grants totaling $277,026. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ameriserv Trust Trustee | 1 | $7,704 | |
Nancy Dandrea Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,788 |
| Capital Gain Net Income | $21,788 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,704 |
| 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 | $0 |
| Total operating and administrative expenses | $7,779 |
| Contributions, gifts, grants paid | $42,192 |
| Total expenses and disbursements | $49,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,370 |
| 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 | $717,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $727,912 |
| 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, Verner W Hanson Endowement Scholarship has awarded $46,746 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TAYLOR ONKST PURPOSE: TUITION, FEES & RELATED EXPS - IUP | $16,228 |
MARIA R VASIL PURPOSE: TUITION, FEES & RELATED EXPS - IUP | $30,518 |