J B L Scholarship Trust
- Assets
- $8.3m
- Revenue
- $428.7k
- Investments
- $8.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/1964
- Data as of
- 12/2022
- EIN
- 51-6016533
Organization Overview
J B L Scholarship Trust is located in Wilmington, DE. The organization was established in 1964. 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. J B L 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 12/2022, J B L Scholarship Trust generated $428.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $551.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Michael G Duffy Trustee | 1 | $10,000 | |
Dana P Robinson Trustee | 1 | $10,000 | |
Kathleen D Smith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $264 |
| Interest on Savings | $0 |
| Dividends & Interest | $138,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $289,495 |
| Capital Gain Net Income | $289,495 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $229 |
| Total Revenue | $428,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $98,419 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $86 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$21,591 |
| Total operating and administrative expenses | $210,302 |
| Contributions, gifts, grants paid | $341,013 |
| Total expenses and disbursements | $551,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,390 |
| 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 | $8,326,624 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,329,014 |
| 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 | $59,300 |
| Total liabilities | $59,300 |
Grants Awarded
Over the last fiscal year, J B L Scholarship Trust has awarded $341,013 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON UNIVERSITY PURPOSE: SCHOLARSHIPS | $22,000 |
VARIOUS INDIVIDUAL SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $302,013 |
MC GILL PURPOSE: SCHOLARSHIPS | $17,000 |