Winfield Scott Lane Scholarship Fund
- Assets
- $86.3k
- Revenue
- $9.6k
- Investments
- $82.4k
- Employees
- 0
- Location
- Greensburg, PA
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 25-6052312
Organization Overview
Winfield Scott Lane Scholarship Fund is located in Greensburg, PA. The organization was established in 1976. 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.
For the year ending 12/2021, Winfield Scott Lane Scholarship Fund generated $9.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.3k during the year ending 12/2021. While expenses have increased by 6.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORGIVENESS OF ALL OUTSTANDING STUDENT LOANS FOR OVER 30 RECIPIENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,738 |
| Capital Gain Net Income | $2,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,341 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,887 |
| 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 | $82,444 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,331 |
| 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, Winfield Scott Lane Scholarship Fund has awarded $66,200 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
LAUREN BANZE PURPOSE: LOAN FORGIVENESS | $4,333 |
ALLYSON KING PURPOSE: LOAN FORGIVENESS | $4,334 |
TYLER ANDERSON PURPOSE: LOAN FORGIVENESS | $1,333 |
DONNA BECHLER PURPOSE: LOAN FORGIVENESS | $1,000 |
MICHAEL ROSSI PURPOSE: LOAN FORGIVENESS | $2,700 |
RACHEL CARPENTER PURPOSE: LOAN FORGIVENESS | $1,000 |