Wesley G Adair Scholarship Tr
- Assets
- $457.6k
- Revenue
- $21.0k
- Investments
- $426.0k
- Employees
- 0
- Location
- Athens, GA
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 58-6376451
Organization Overview
Wesley G Adair Scholarship Tr is located in Athens, GA. The organization was established in 1999. 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. Wesley G Adair Scholarship Tr 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, Wesley G Adair Scholarship Tr generated $21.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $23.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 5 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO 20 STUDENTS TO HELP THEM CONTINUE THEIR EDUCATION BEYOND THE HIGH SCHOOL LEVEL. RECEIPIENT STUDENTS WERE SELECTED BY COMMITTEE BASED ON THEIR APPLICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Synovus Trust Co Trustee | 2 | $5,250 | |
Bruce Braselton Director | 0 | $0 | |
Liz Long Director | 0 | $0 | |
Miranda Deaton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,385 |
| Capital Gain Net Income | $2,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,380 |
| Contributions, gifts, grants paid | $14,950 |
| Total expenses and disbursements | $23,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,388 |
| 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 | $218 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,047 |
| Total assets | $457,636 |
| 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, Wesley G Adair Scholarship Tr has awarded $14,950 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOSWELL BAILEY PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,050 |
FERGUSON TAHLIA PURPOSE: EDUCATIONAL SCHOLARSHIP | $550 |
HARRIS SHMESHIA PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,050 |
HUDSON BRANDON PURPOSE: EDUCATIONAL SCHOLARSHIP | $550 |
JEFFERSON SALENDRIA PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,050 |
JONES KYLE PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,050 |