Sara V Adams Scholarship Fund Tr Uw Fbo Sallie J Adams
- Assets
- $262.5k
- Revenue
- $4.5k
- Investments
- $240.8k
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 11/1981
- Data as of
- 12/2022
- 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 12/2022, Sara V Adams Scholarship Fund Tr Uw Fbo Sallie J Adams generated $4.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $16.4k 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
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 | $1,045 | |
L S Whitaker Scholarship Trustee | 1 | $0 | |
H Kinder 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 | $4,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110 |
| Capital Gain Net Income | $110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,045 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $637 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,357 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $16,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,728 |
| Net Accounts receivable | $929 |
| 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 | $240,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $262,458 |
| 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 $14,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WEST VIRGINIA UNIVERSITY FOUNDATION PURPOSE: ASHLEY CECCONI SCHOLARSHIP | $1,500 |
WEST VIRGINIA UNIVERSITY FOUNDATION PURPOSE: RYLIE WHITE SCHOLARSHIP | $5,000 |
DENISON UNIVERSITY PURPOSE: SCHOLARSHIPS | $7,500 |