Lianna Bain Memorial Art Scholarship Inc
- Assets
- $5.4k
- Revenue
- $1.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Parkville, MD
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 37-1940502
Organization Overview
Lianna Bain Memorial Art Scholarship Inc is located in Parkville, MD. The organization was established in 2020. 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. Lianna Bain Memorial Art Scholarship Inc 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, Lianna Bain Memorial Art Scholarship Inc generated $1.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $539.0 during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECOGNITION TO HONOR 2021 SCHOLARSHIP RECIPIENT AND HIS FAMILY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Bain Chair Of Board | 5 | $0 | |
Patricia Finn Treasurer Of Board | 2 | $0 | |
Jennifer Bain Secretary Of Board | 1 | $0 | |
Brittany Chen Boardmember | 1 | $0 | |
Genevieve Bain Boardmember | 1 | $0 | |
Kathleen Clement Boardmember | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,069 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $539 |
| Total operating and administrative expenses | $539 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,352 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,352 |
| 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, Lianna Bain Memorial Art Scholarship Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOCH RAVEN HIGH SCHOOL PURPOSE: SCHOLARSHIP FOR GRADUATING SENIOR AT LOCH RAVEN HIGH SCHOOL | $0 |
PINE GROVE MIDDLE SCHOOL PURPOSE: DONATION FOR HOLIDAY CHARITABLE PROGRAM | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |