Charles Eades Scholarship Trust
- Assets
- $1.4m
- Revenue
- $102.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 20-7217388
Organization Overview
Charles Eades Scholarship Trust is located in Evansville, IN. The organization was established in 2008. 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. Charles Eades 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 12/2023, Charles Eades Scholarship Trust generated $102.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $82.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Charles Eades Scholarship Trust has awarded 35 individual grants totaling $334,263. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,006 |
| Capital Gain Net Income | $68,006 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,112 |
| Total Revenue | $102,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,644 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $273 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $20,920 |
| Contributions, gifts, grants paid | $61,600 |
| Total expenses and disbursements | $82,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,357,146 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,357,146 |
| 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, Charles Eades Scholarship Trust has awarded $61,600 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MURRAY STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $8,800 |
KENTUCKY WESLEYAN COLLEGE PURPOSE: SCHOLARSHIPS | $4,400 |
MADISONVILLE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $22,000 |
UNIVERSITY OF KENTUCKY PURPOSE: SCHOLARSHIPS | $8,800 |
WESTERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIPS | $17,600 |