Myron Jacob Foreman Us Scholarship Tr
- Assets
- $904.7k
- Revenue
- $47.6k
- Investments
- $888.3k
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 04/1996
- Data as of
- 06/2023
- EIN
- 65-6186928
Organization Overview
Myron Jacob Foreman Us Scholarship Tr is located in West Palm Beach, FL. The organization was established in 1996. 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. Myron Jacob Foreman Us 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 06/2023, Myron Jacob Foreman Us Scholarship Tr generated $47.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $63.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Myron Jacob Foreman Us Scholarship Tr has awarded 112 individual grants totaling $352,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Van Antwerp Trustee | 0.5 | $0 | |
Gary B Sellari Trustee | 0.5 | $0 | |
Van Diah Trustee | 2 | $3,000 | |
Colin M Cameron Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,279 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,357 |
| Capital Gain Net Income | $13,357 |
| Net ST Capital Gain | $13,357 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $504 |
| Total operating and administrative expenses | $13,055 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $63,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,348 |
| Savings and temporary cash investments | $3,012 |
| 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 | $705,602 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $904,705 |
| 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, Myron Jacob Foreman Us Scholarship Tr has awarded $50,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CELESE ADDERLEY PURPOSE: SCHOLARSHIP | $2,000 |
RICKEISHA HAMILTON PURPOSE: SCHOLARSHIP | $2,000 |
AMBERNIQUE MUNROE PURPOSE: SCHOLARSHIP | $2,000 |
MALVIN MOORE PURPOSE: SCHOLARSHIP | $2,000 |
BRITTANY NAIRN PURPOSE: SCHOLARSHIP | $3,000 |
ABIGAIL WALLACE PURPOSE: SCHOLARSHIP | $3,000 |