Allene S Trushel Scholarship Trust
- Assets
- $600.7k
- Revenue
- $33.4k
- Investments
- $567.6k
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 25-1419907
Organization Overview
Allene S Trushel Scholarship Trust is located in Wellsboro, PA. The organization was established in 1984. 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. Allene S Trushel 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 12/2022, Allene S Trushel Scholarship Trust generated $33.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $47.7k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 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, Allene S Trushel Scholarship Trust has awarded 46 individual grants totaling $265,308. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $695 |
| Dividends & Interest | $15,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,258 |
| Capital Gain Net Income | $17,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,034 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $710 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $10,561 |
| Contributions, gifts, grants paid | $37,109 |
| Total expenses and disbursements | $47,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,092 |
| 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 | $58,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $600,710 |
| 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, Allene S Trushel Scholarship Trust has awarded $37,109 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HANNAH WINSECK PURPOSE: SCHOLARSHIPAWARD | $117 |
BRIELLE CORNELIUS PURPOSE: SCHOLARSHIPAWARD | $2,496 |
DUSTIN TAYOR PURPOSE: SCHOLARSHIPAWARD | $26,126 |
JENNA FREER PURPOSE: SCHOLARSHIPAWARD | $5,966 |
SKYLER HOHENWARTER PURPOSE: SCHOLARSHIPAWARD | $2,000 |
NICOLE MATTHEWS PURPOSE: SCHOLARSHIPAWARD | $404 |