The Maidstone Charitable Trust
- Assets
- $303.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Hampton, NY
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 11-6357643
Organization Overview
The Maidstone Charitable Trust is located in East Hampton, NY. The organization was established in 1990. 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. Maidstone Charitable 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 12/2021, Maidstone Charitable Trust generated $86.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $127.6k during the year ending 12/2021. While expenses have increased by 22.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RECIPIENTS FOR SCHOLARSHIP AWARDS ARE DETERMINED BASED UPON FINANCIAL NEED, THE DILIGENCE AND SERIOUSNESS OF THE RECIPIENT'S ACADEMIC ENDEAVORS, AND QUALITY OF WORK PERFORMED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Adams Trustee | 3 | $0 | |
Rebecca Murray Trustee | 3 | $0 | |
Jeffrey S Sohm Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,851 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,851 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $206 |
| Other expenses | $20,525 |
| Total expenses | $127,581 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $303,040 |
| Other assets | $0 |
| Total assets | $303,040 |
| Total liabilities | $0 |
| Net assets or fund balances | $303,040 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Maidstone Charitable Trust has recieved totaling $10,750.
| Awarding Organization | Amount |
|---|---|
Ussga Memorial Fund Inc Elmsford, NY PURPOSE: SCHOLARSHIP FUNDING | $10,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
William & Martha Ford Fund Detroit, MI PURPOSE: 2021 FRANK COLLINS CADDIE SCHOLARSHIP TOURNAMENT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |