The Laura M Smedley Scholarship Trust
- Assets
- $477.8k
- Revenue
- $16.3k
- Investments
- $465.2k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-1058972
Organization Overview
The Laura M Smedley Scholarship Trust is located in Pittsburgh, PA. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Laura M Smedley 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, Laura M Smedley Scholarship Trust generated $16.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $32.5k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 7 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,313 |
| Capital Gain Net Income | $3,313 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $421 |
| Total Revenue | $16,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,381 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,820 |
| Total operating and administrative expenses | $8,313 |
| Contributions, gifts, grants paid | $24,187 |
| Total expenses and disbursements | $32,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,585 |
| 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 | $465,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $477,785 |
| 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, The Laura M Smedley Scholarship Trust has awarded $24,187 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KYLEIGH ANDERSON PURPOSE: SCHOLARSHIP | $5,469 |
ASHLYNN COLLINS PURPOSE: SCHOLARSHIP | $7,994 |
LILLIE HEISE PURPOSE: SCHOLARSHIP | $10,724 |