Martha & William Adams Scholarship Trust Uw 22028000
- Assets
- $1.7m
- Revenue
- $419.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/1984
- Data as of
- 11/2023
- EIN
- 52-1329899
Organization Overview
Martha & William Adams Scholarship Trust Uw 22028000 is located in Orlando, FL. The organization was established in 1984. 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. Martha & William Adams Scholarship Trust Uw 22028000 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 11/2023, Martha & William Adams Scholarship Trust Uw 22028000 generated $419.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.2% each year . All expenses for the organization totaled $117.6k during the year ending 11/2023. While expenses have increased by 2.7% 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.
Since 2020, Martha & William Adams Scholarship Trust Uw 22028000 has awarded 16 individual grants totaling $326,000. 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.
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 |
|---|---|---|---|
Mr Talfourd Kemper Co-Trustee | 1 | $11,150 | |
Sun Trust Bank Co-Trustee | 1 | $15,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,344 |
| Dividends & Interest | $39,120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $379,470 |
| Capital Gain Net Income | $379,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $419,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,640 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,882 |
| Total operating and administrative expenses | $30,622 |
| Contributions, gifts, grants paid | $87,000 |
| Total expenses and disbursements | $117,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,239 |
| Savings and temporary cash investments | $28,261 |
| 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 | $1,533,764 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,698,867 |
| 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, Martha & William Adams Scholarship Trust Uw 22028000 has awarded $87,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ROANOKE COLLEGE SCHOLARSHIP FUND PURPOSE: SCHOLARSHIPS | $20,000 |
EMORY AND HENRY COLLEGE SCHOLARSHIP FUND PURPOSE: SCHOLARSHIPS | $25,000 |
FERRUM COLLEGE SCHOLARSHIP FUND PURPOSE: SCHOLARSHIPS | $20,000 |
VIRGINIA WESTERN COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $22,000 |