Rhoads Scholarship Trust
- Assets
- $268.3k
- Revenue
- $16.2k
- Investments
- $269.1k
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 07/1989
- Data as of
- 12/2023
- EIN
- 61-1089770
Organization Overview
Rhoads Scholarship Trust is located in Bowling Green, KY. The organization was established in 1989. 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. Rhoads Scholarship 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, Rhoads Scholarship Trust generated $16.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $15.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rhoads Scholarship Trust has awarded 71 individual grants totaling $100,750. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS ARE AWARDED TO FEMALE STUDENTS FROM OHIO COUNTY.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $617 |
| Dividends & Interest | $8,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,973 |
| Capital Gain Net Income | $6,973 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,524 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,313 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $15,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$8,173 |
| Savings and temporary cash investments | $7,322 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $268,264 |
| 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, Rhoads Scholarship Trust has awarded $10,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
RAEYA BURTON PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |
JESSICA HATFIELD PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |
KEELY HENDERSON PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |
MORGEN JONES PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |
MAKENZIE MCDANIEL PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |
EMILY LACEFIELD PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |