Sara V Adams Scholarship Fund Tr Uw Fbo Sallie J Adams
- Assets
- $269.8k
- Revenue
- $32.0k
- Investments
- $247.1k
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 11/1981
- Data as of
- 12/2021
- EIN
- 55-6085702
Organization Overview
Sara V Adams Scholarship Fund Tr Uw Fbo Sallie J Adams is located in Wheeling, WV. The organization was established in 1981. 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. Sara V Adams Scholarship Fund Tr Uw Fbo Sallie J Adams 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 12/2021, Sara V Adams Scholarship Fund Tr Uw Fbo Sallie J Adams generated $32.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $18.0k during the year ending 12/2021. While expenses have increased by 19.4% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESBANCO BANK - TECHNICAL ASSISTANCE PROVIDED TO ENSURE THE MAINTENANCE OF COMPLETE AND ACCURATE FINANCIAL RECORDS - FILING FORM 990-PF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Endowment Trustee | 1 | $1,069 | |
H Kinder Scholarship Trustee | 1 | $0 | |
L S Whitaker Scholarship Trustee | 1 | $0 | |
J C Stamp Scholarship Trustee | 1 | $0 | |
J T Mcclure Scholarship Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,420 |
| Capital Gain Net Income | $25,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,069 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,982 |
| Contributions, gifts, grants paid | $16,000 |
| Total expenses and disbursements | $17,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,893 |
| Net Accounts receivable | $1,767 |
| 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 | $247,108 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $269,768 |
| 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, Sara V Adams Scholarship Fund Tr Uw Fbo Sallie J Adams has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Morgantown, WV PURPOSE: TERESA ALBERT SIEBIEDA | $9,000 |
UNIVERSITY OF MIAMI PURPOSE: MICHAEL CASTELLUCCI | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Military Officers Association Of America Scholarship Fund Alexandria, VA | $166,984,015 | $13,631,800 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |