Landman Scholarship Trust
- Assets
- $8.7m
- Revenue
- $835.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 12/1960
- Data as of
- 06/2022
- EIN
- 23-7122144
Organization Overview
Landman Scholarship Trust is located in Fort Worth, TX. The organization was established in 1960. 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. Landman 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 06/2022, Landman Scholarship Trust generated $835.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $377.0k during the year ending 06/2022. While expenses have increased by 10.9% 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.
Since 2015, Landman Scholarship Trust has awarded 60 individual grants totaling $1,290,959. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS FOR QUALIFIED STUDENTS OF ACCREDITED INSTITUTIONS OF HIGHER LEARNING, WHICH STUDENTS DESIRE TO OBTAIN EDUCATION IN THE FIELD OF NATURAL RESOURCES MGMT.
Describe the Organization's Program Activity:
SCHOLARSHIP GRANTS TO STUDENTS ATTENDING COLLEGES WHICH OFFER AN ACCREDITED CURRICULUM IN PETROLEUM OR MINERALS LAND MANAGEMENT. GRANTS ARE BASED ON STUDENTS' ACADEMIC RECORD, SCHOOL PARTICIPATION AND PERSONAL INTERVIEW. DURING THE FISCAL YEAR, 66 SCHOLARSHIPS WERE FURNISHED TO 12 MAJOR UNIVERSITIES OR COLLEGES FOR DISBURSEMENT. ALSO PROVIDE AAPL MEMBERSHIPS TO STUDENTS AND ASSOCIATE MEMBERS. DURING THE FISCAL YEAR, 482 MEMBERSHIPS WERE PROVIDED TO AAPL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greta Zeimetz Aapl Executive Vice President | Officer | 3 | $0 |
Amanda Johnson Aapl Chief Accounting Officer | Officer | 3 | $0 |
Nancy Mccaskell Chairman Emeritus | OfficerTrustee | 2 | $0 |
Gregory M Riedl Chairman/trustee | OfficerTrustee | 3 | $0 |
Kelly Kessler Voting Trustee End: 06/22 | Trustee | 2 | $0 |
Lindsay Spooner Voting Trustee End: 06/22 | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,755 |
| Total Program Service Revenue | $0 |
| Investment income | $129,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $698,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $835,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $256,340 |
| Grants and other assistance to domestic individuals. | $5,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,913 |
| Fees for services: Accounting | $11,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,576 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,140 |
| Office expenses | $3,047 |
| Information technology | $7,306 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $377,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,274 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,098 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,554,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,674,942 |
| Accounts payable and accrued expenses | $20,889 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,027 |
| Total liabilities | $21,916 |
| Net assets without donor restrictions | $8,625,026 |
| Net assets with donor restrictions | $28,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,674,942 |
Grants Awarded
Over the last fiscal year, Landman Scholarship Trust has awarded $246,340 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO MESA UNIVERSITY PURPOSE: SCHOLARSHIP | $40,000 |
OKLAHOMA CITY UNIVERSITY PURPOSE: SCHOLARSHIP | $9,840 |
TEXAS CHRISTIAN UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIP | $22,500 |
UNIVERSITY OF OKLAHOMA PURPOSE: SCHOLARSHIP | $44,000 |
UNIVERSITY OF OKLAHOMA COLLEGE OF LAW PURPOSE: SCHOLARSHIP | $10,000 |