Mary Elizabeth Martin Scholarship Trust
- Assets
- $703.4k
- Revenue
- $53.2k
- Investments
- $696.3k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/1963
- Data as of
- 05/2024
- EIN
- 48-6104170
Organization Overview
Mary Elizabeth Martin Scholarship Trust is located in Milwaukee, WI. The organization was established in 1963. 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. Mary Elizabeth Martin 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 05/2024, Mary Elizabeth Martin Scholarship Trust generated $53.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $63.5k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mary Elizabeth Martin Scholarship Trust has awarded 167 individual grants totaling $402,335. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,771 |
| Capital Gain Net Income | $27,771 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10 |
| Total Revenue | $53,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,443 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,014 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,000 |
| Total operating and administrative expenses | $21,457 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $63,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,160 |
| 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 | $696,257 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $703,417 |
| 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, Mary Elizabeth Martin Scholarship Trust has awarded $42,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF KANSAS CITY PURPOSE: GENERAL OPERATING | $2,500 |
CRISTO REY KANSAS CITY PURPOSE: GENERAL OPERATING | $2,500 |
UNIVERSITY ACADEMY FOUNDATION PURPOSE: GENERAL OPERATING | $1,000 |
KEARNEY ENRICHMENT COUNCIL PURPOSE: GENERAL OPERATING | $2,000 |
LEES SUMMIT CARES INC PURPOSE: GENERAL OPERATING | $1,000 |
THE RESEARCH FOUNDATION PURPOSE: GENERAL OPERATING | $2,500 |