Michael Lascaris Scholarship Trust
- Assets
- $2.3m
- Revenue
- $80.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 36-7144785
Organization Overview
Michael Lascaris Scholarship Trust is located in Chicago, IL. The organization was established in 1997. 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. Michael Lascaris 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, Michael Lascaris Scholarship Trust generated $80.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $367.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael Lascaris Scholarship Trust has awarded 180 individual grants totaling $825,600. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Koula Pagonis Trustee | 5 | $32,000 | |
Evangelia Laiou Program Manager | 40 | $24,795 | |
Darsie Bowden Trustee | 1 | $2,000 | |
Constantine Metaxas Trustee | 1 | $2,000 | |
Theodore Rhodes Jr Trustee | 1 | $2,000 | |
John Relias Trustee | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74 |
| Dividends & Interest | $92,532 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,239 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,367 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,795 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,679 |
| Interest | $0 |
| Taxes | $11,379 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,416 |
| Total operating and administrative expenses | $160,721 |
| Contributions, gifts, grants paid | $206,400 |
| Total expenses and disbursements | $367,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $180,890 |
| 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 | $2,108,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,289,402 |
| 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, Michael Lascaris Scholarship Trust has awarded $206,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DESSY TOPOUZIDES INSTITUTE OF FOREI PURPOSE: SCHOLARSHIPS TO 89 INDIVIDUALS, PURSUANT TO A PREAPPROVED SCHOLARSHIP PROCEDURE. | $103,200 |
ESTIA NEAS SMYRNIS ENGLISH LANGUAGE PURPOSE: SCHOLARSHIPS TO 89 INDIVIDUALS, PURSUANT TO A PREAPPROVED SCHOLARSHIP PROCEDURE. | $103,200 |