Rotary Club Of Littlefield Tx Scholarship Trust
- Assets
- $1.0m
- Revenue
- $113.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 11/2011
- Data as of
- 06/2022
- EIN
- 45-2816625
Organization Overview
Rotary Club Of Littlefield Tx Scholarship Trust is located in Lubbock, TX. The organization was established in 2011. 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. Rotary Club Of Littlefield TX 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 06/2022, Rotary Club Of Littlefield TX Scholarship Trust generated $113.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $66.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rotary Club Of Littlefield TX Scholarship Trust has awarded 83 individual grants totaling $159,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION SCHOLARSHIPS TO STUDENTS WHO GRADUATED FROM LITTLEFIELD HIGH SCHOOL. $1,000 PER SEMESTER WITH 28 DIFFERENT RECIPIENTS DURING 2021-2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joella Lovvorn Committee Member | Trustee | 0.1 | $0 |
Anthony Aragon Committee Member | Trustee | 0.1 | $0 |
Dezi Vargas Committee Member | Trustee | 0.1 | $0 |
Kay Franklin Committee Member | Trustee | 0.1 | $0 |
Name Not Listed Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,162 |
| Capital Gain Net Income | $100,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,892 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,910 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $66,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,031,329 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,031,329 |
| 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, Rotary Club Of Littlefield Tx Scholarship Trust has awarded $55,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
SARAH STOFEL PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,500 |
COURTNEY REED PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,500 |
NICHOLAS GARCIA PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,500 |
SERGIO SAVALA PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,500 |
SELENE MALDONADO PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,250 |
GENASIS GARZA PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |