Marion D Herriott Charitable Scholarship And Education Tr
- Assets
- $2.4m
- Revenue
- $115.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 61-6332630
Organization Overview
Marion D Herriott Charitable Scholarship And Education Tr is located in Columbus, OH. The organization was established in 2007. 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. Marion D Herriott Charitable Scholarship And Education 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 12/2022, Marion D Herriott Charitable Scholarship And Education Tr generated $115.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $123.0k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 5 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.
Since 2015, Marion D Herriott Charitable Scholarship And Education Tr has awarded 72 individual grants totaling $231,750. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED TO HAMPSHIRE COUNTY, WV RESIDENTS. CURRENT OR FORMER STUDENTS OF HAMPSHIRE COUNTY PUBLIC SCHOOL OR GRADUATES OF HAMPSHIRE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,928 |
| Net Rental Income | $20,004 |
| Net Gain on Sale of Assets | $24,488 |
| Capital Gain Net Income | $24,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,026 |
| Total Revenue | $115,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,867 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $724 |
| Total operating and administrative expenses | $43,253 |
| Contributions, gifts, grants paid | $79,750 |
| Total expenses and disbursements | $123,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,964 |
| 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 | $3 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,380,415 |
| 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, Marion D Herriott Charitable Scholarship And Education Tr has awarded $79,750 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
MARSHALL UNIVERSITY PURPOSE: GENERAL OPERATING | $1,000 |
WAYNESBURG UNIVERSITY PURPOSE: GENERAL OPERATING | $1,500 |
FAIRMONT STATE UNIVERSITY PURPOSE: EDUCATION | $9,000 |
SHEPHERD UNIVERSITY PURPOSE: EDUCATION | $13,500 |
ALLEGANY COLLEGE OF MARYLAND PURPOSE: GENERAL OPERATING | $750 |
DAVIS AND ELKINS COLLEGE PURPOSE: GENERAL OPERATING | $1,500 |