Wesley G Adair Scholarship Tr
- Assets
- $491.6k
- Revenue
- $19.3k
- Investments
- $480.3k
- Employees
- 0
- Location
- Athens, GA
- Founding
- 04/1999
- Data as of
- 12/2021
- 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 12/2021, Wesley G Adair Scholarship Tr generated $19.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $23.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 4 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO 24 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 |
|---|---|---|---|
Name Not Listed Trustee | 2 | $5,462 | |
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 | $1 |
| Dividends & Interest | $14,102 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,927 |
| Capital Gain Net Income | $4,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $250 |
| Total Revenue | $19,280 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,462 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,946 |
| Total operating and administrative expenses | $11,657 |
| Contributions, gifts, grants paid | $11,588 |
| Total expenses and disbursements | $23,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,206 |
| 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 | $410 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $665 |
| Total assets | $491,554 |
| 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 $11,588 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
FERGUSON TAHLIA PURPOSE: EDUCATIONALSCHOLARSHIP | $775 |
HADZIAHMETOVIC SHAYLA PURPOSE: EDUCATIONAL SCHOLARSHIP | $775 |
HARRIS SHMESHIA PURPOSE: EDUCATIONALSCHOLARSHIP | $775 |
KIRKLAND KA'JALENE PURPOSE: EDUCATIONALSCHOLARSHIP | $775 |
JIRA WHITNEY PURPOSE: EDUCATIONALSCHOLARSHIP | $775 |
HUDSON BRANDON PURPOSE: EDUCATIONALSCHOLARSHIP | $775 |
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|---|---|---|
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Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |