James A Comstock Memorial Scholarship Charitable Trust
- Assets
- $2.2m
- Revenue
- $80.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/1981
- Data as of
- 05/2024
- EIN
- 22-2327403
Organization Overview
James A Comstock Memorial Scholarship Charitable Trust is located in Dallas, TX. The organization was established in 1981. 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. James A Comstock Memorial Scholarship 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 05/2024, James A Comstock Memorial Scholarship Charitable Trust generated $80.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $141.3k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, James A Comstock Memorial Scholarship Charitable Trust has awarded 78 individual grants totaling $564,000. 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 | $61,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,845 |
| Capital Gain Net Income | $13,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,560 |
| Total Revenue | $80,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,598 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,804 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,538 |
| Total operating and administrative expenses | $37,339 |
| Contributions, gifts, grants paid | $104,000 |
| Total expenses and disbursements | $141,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$24,145 |
| Savings and temporary cash investments | $52,141 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,235,861 |
| 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, James A Comstock Memorial Scholarship Charitable Trust has awarded $104,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HOUGHTON COLLEGE PURPOSE: SCHOLARSHIPS | $13,000 |
CLARKSON UNIVERSITY PURPOSE: SCHOLARSHIPS | $19,000 |
ALFRED UNIVERSITY PURPOSE: SCHOLARSHIPS | $17,500 |
ALFRED STATE COLLEGE PURPOSE: SCHOLARSHIPS | $19,000 |
SOUTHEASTERN COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $19,000 |
UNIVERSITY OF NORTH CAROLINA PURPOSE: SCHOLARSHIPS | $16,500 |