Otis Schools Scholarship Tr
- Assets
- $150.7k
- Revenue
- $2.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Otis, CO
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 38-3954824
Organization Overview
Otis Schools Scholarship Tr is located in Otis, CO. 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. Otis Schools Scholarship Tr 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, Otis Schools Scholarship Tr generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (39.3%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE AWARDED TO FOUR STUDENTS IN SUPPORT OF THEIR HIGHER EDUCATION EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Wells President | 1 | $0 | |
Cory Ringlein Vice President | 1 | $0 | |
Ryan Price Treasurer | 1 | $0 | |
Noelle Corman Secretary | 1 | $0 | |
Chad Gross Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,664 |
| 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 | $2,664 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $15,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $150,715 |
| 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 | $150,715 |
| 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, Otis Schools Scholarship Tr has awarded $8,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
M THOMPSON PURPOSE: SUPPORT HIGHER EDUCATION | $2,000 |
COLEY SMITH PURPOSE: SUPPORT HIGHER EDUCATION | $3,000 |
R PATTERSON PURPOSE: SUPPORT HIGHER EDUCATION. | $2,000 |
T PATTERSON PURPOSE: SUPPORT HIGHER EDUCATION | $1,000 |