The Banks Scholarship Tr
- Assets
- $1.5m
- Revenue
- $5.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 47-7129676
Organization Overview
The Banks Scholarship Tr is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Banks 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, Banks Scholarship Tr generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.2%) each year. All expenses for the organization totaled $169.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Banks Scholarship Tr has awarded 104 individual grants totaling $300,108. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Harris Committee Chair | 1 | $0 | |
Wells Fargo Bank N A Trustee | 1 | $25,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$39,501 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,074 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,613 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $41,369 |
| Contributions, gifts, grants paid | $127,840 |
| Total expenses and disbursements | $169,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,450 |
| 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 | $1,019,832 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,533,924 |
| 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 Banks Scholarship Tr has awarded $127,840 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
MIDDLE GEORGIA ST UNIV FBO LAUREN AVA PURPOSE: SCHOLARSHIP | $2,510 |
SAMD UNIV FBO MADELYN BALTZ PURPOSE: SCHOLARSHIP | $1,160 |
GEORGIA SOUTHERN UNIV FBO CONNOR BATTL PURPOSE: SCHOLARSHIP | $1,160 |
GEORGIA SOUTHERN UNIV FBO CAROLINE BEA PURPOSE: SCHOLARSHIP | $1,160 |
GEORGIA INSTITUTE OF TECH FBO ELIZABETH PURPOSE: SCHOLARSHIP | $2,510 |
MIDDLE GEORGIA ST UNIV FBO TAZIYA BRO PURPOSE: SCHOLARSHIP | $1,160 |