Flip Wilson Scholarship Fund Trust
- Assets
- $1.3m
- Revenue
- $83.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 52-2299403
Organization Overview
Flip Wilson Scholarship Fund Trust is located in Beverly Hills, CA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Flip Wilson Scholarship Fund 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 12/2023, Flip Wilson Scholarship Fund Trust generated $83.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $128.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Flip Wilson Scholarship Fund Trust has awarded 39 individual grants totaling $608,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Mandell Trustee | 1 | $0 | |
Alan Reback Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $60,011 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,712 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,710 |
| Total Revenue | $83,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,501 |
| Total operating and administrative expenses | $52,949 |
| Contributions, gifts, grants paid | $76,000 |
| Total expenses and disbursements | $128,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,159,287 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,287,777 |
| 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, Flip Wilson Scholarship Fund Trust has awarded $76,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CA STATE UNIVERSITY NORTHRIDGE PURPOSE: CHARITABLE CONTRIBUTION | $14,000 |
WAYNE STATE UNIVERSITY PURPOSE: CHARITABLE CONTRIBUTION | $14,000 |
RUTGERS UNIVERSITY PURPOSE: CHARITABLE CONTRIBUTION | $14,000 |
HOWARD UNIVERSITY PURPOSE: CHARITABLE CONTRIBUTION | $14,000 |
UNIVERSITY OF WASHINGTON PURPOSE: CHARITABLE CONTRIBUTIONCHARITABLE CONTRIBUTION | $20,000 |