The Wells Fox@alsobrook Scholarship Trust is located in Bentonville, AR. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wells Fox@alsobrook 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 12/2022, Wells Fox@alsobrook Scholarship Trust generated $9.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $15.2k during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS TO WORTHY CHILDREN
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert F Alsobrook President | 0 | $0 | |
Donna J Alsobrook Vice-President | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $5,216 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $3,916 |
Capital Gain Net Income | $3,916 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $9,132 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $122 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $1,172 |
Contributions, gifts, grants paid | $14,000 |
Total expenses and disbursements | $15,172 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $434 |
Savings and temporary cash investments | $0 |
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 | $153,231 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $2,500 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,500 |
Over the last fiscal year, The Wells Fox@alsobrook Scholarship Trust has awarded $14,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
DYLAN FERGUSON PURPOSE: SCHOLARSHIP | $3,500 |
CHLOE SPANN PURPOSE: SCHOLARSHIP | $3,500 |
HAILY MC COLLUM PURPOSE: SCHOLARSHIP | $3,500 |
ALEXANDRA ANTHONY PURPOSE: SCHOLARSHIP | $3,500 |
Organization Name | Assets | Revenue |
---|---|---|
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |