The Kenneth M@seymour Jr Scholarship Trust
- Assets
- $249.6k
- Revenue
- $20.1k
- Investments
- $242.6k
- Employees
- 0
- Location
- Norwich, CT
- Founding
- 07/2014
- Data as of
- 06/2024
- EIN
- 46-7222490
Organization Overview
The Kenneth M@seymour Jr Scholarship Trust is located in Norwich, CT. The organization was established in 2014. 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. Kenneth M@seymour Jr 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 06/2024, Kenneth M@seymour Jr Scholarship Trust generated $20.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $37.5k during the year ending 06/2024. While expenses have increased by 9.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,030 |
| Dividends & Interest | $4,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,487 |
| Capital Gain Net Income | $9,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,642 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,703 |
| Contributions, gifts, grants paid | $30,779 |
| Total expenses and disbursements | $37,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,954 |
| 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 | $242,616 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $249,570 |
| 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, The Kenneth M@seymour Jr Scholarship Trust has awarded $30,779 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE MICHAUD PURPOSE: UNIVERSITY OF ST LAWRENCE SCHOLARSHIP REFUND | -$1,500 |
MARIA AMISANO PURPOSE: UNIVERSITY OF SOUTH CAROLINA SCHOLARSHIP | $1,500 |
RYAN FRENCH PURPOSE: MANCHESTER COMMUNITY COLLEGE REFUND | -$250 |
STEPHANE CROCKER PURPOSE: SCHOLARSHIP FOR MIDDLEBURY COLLEGE REFUND | -$1,000 |
ALEXIS HASTING PURPOSE: UNIVERSITY OF CONNECTICUT SCHOLARSHIP | $7,977 |
ELLA EPES PURPOSE: UNIVERSITY OF CONNECTICUT SCHOLARSHIP | $7,925 |