Merle & Olive Lee Gilliand Scholarship Foundation
- Assets
- $439.7k
- Revenue
- $58.1k
- Investments
- $395.2k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 25-6633239
Organization Overview
Merle & Olive Lee Gilliand Scholarship Foundation is located in Pittsburgh, PA. The organization was established in 2016. 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. Merle & Olive Lee Gilliand Scholarship Foundation 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, Merle & Olive Lee Gilliand Scholarship Foundation generated $58.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $55.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Merle & Olive Lee Gilliand Scholarship Foundation has awarded 16 individual grants totaling $163,460. 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 | $21,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,076 |
| Capital Gain Net Income | $37,076 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,844 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,059 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,390 |
| Total operating and administrative expenses | $15,293 |
| Contributions, gifts, grants paid | $40,617 |
| Total expenses and disbursements | $55,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,529 |
| 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 | $395,161 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $439,690 |
| 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, Merle & Olive Lee Gilliand Scholarship Foundation has awarded $40,617 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SAFFRIN SCHAEFFER CO PNC BANK PURPOSE: SCHOLARSHIP | $11,860 |
ABIGAIL MESSNER PURPOSE: SCHOLARSHIPS | $8,832 |
KYLIE POLAND PURPOSE: SCHOLARSHIPS | $5,797 |
TORI QUACH PURPOSE: SCHOLARSHIPS | $6,525 |
SARENNA WALKER PURPOSE: SCHOLARSHIPS | $7,603 |