Worth M & Madeline C Key Scholarship Trust
- Assets
- $236.3k
- Revenue
- $7.5k
- Investments
- $227.6k
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 01/2009
- Data as of
- 12/2023
- EIN
- 38-6847320
Organization Overview
Worth M & Madeline C Key Scholarship Trust is located in St Louis, MO. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worth M & Madeline C Key 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 12/2023, Worth M & Madeline C Key Scholarship Trust generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $17.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Worth M & Madeline C Key Scholarship Trust has awarded 48 individual grants totaling $123,701. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Spinella Scholarship Committee Member | 1 | $0 | |
Vickie Murphy Chairperson | 1 | $0 | |
Ty Gafford Scholarship Committee Member | 1 | $0 | |
Casey Eccles Scholarship Committee Member | 1 | $0 | |
Nancy Ezzell Scholarship Committee Member | 1 | $0 | |
Stacey Oakes Scholarship Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$452 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $155 |
| Total Revenue | $7,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,874 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,445 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $17,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,642 |
| 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 | $236,268 |
| 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, Worth M & Madeline C Key Scholarship Trust has awarded $12,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OLD DOMINION UNIVERSITY PURPOSE: SCHOLARSHIP | $4,000 |
AVERETT UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
CENTRAL VIRGINIA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $2,000 |
LIBERTY UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
UNIVERSITY OF LYNCHBURG PURPOSE: SCHOLARSHIP | $2,000 |