Grobel Scholarship Trust
- Assets
- $231.2k
- Revenue
- $133.7k
- Investments
- $99.3k
- Employees
- 0
- Location
- Hampton, VA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 81-0514792
Organization Overview
Grobel Scholarship Trust is located in Hampton, VA. 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. Grobel 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, Grobel Scholarship Trust generated $133.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 52.8% each year . All expenses for the organization totaled $14.3k during the year ending 12/2022. While expenses have increased by 11.4% 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen L Grobel Trustee | 0 | $0 | |
Sam Waters Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28 |
| Dividends & Interest | $64,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,080 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $133,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $320 |
| Total operating and administrative expenses | $320 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $14,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $131,930 |
| 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 | $231,249 |
| 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, Grobel Scholarship Trust has awarded $14,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALI CUNNINGHAM PURPOSE: SCHOLARSHIP | $2,800 |
MEGAN FAST PURPOSE: SCHOLARSHIP | $2,800 |
TORI KAUFMAN PURPOSE: SCHOLARSHIP | $2,800 |
PAIGE STANTON PURPOSE: SCHOLARSHIP | $2,800 |
ELIZABETH PAGE PURPOSE: SCHOLARSHIP | $2,800 |