Elizabeth Welsh@young Memorial Scholarship Charitable Trust
- Assets
- $3.9m
- Revenue
- $276.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 11/2016
- Data as of
- 12/2023
- EIN
- 81-6166483
Organization Overview
Elizabeth Welsh@young Memorial Scholarship Charitable Trust is located in Towson, MD. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Elizabeth Welsh@young Memorial Scholarship Charitable 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, Elizabeth Welsh@young Memorial Scholarship Charitable Trust generated $276.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $309.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Elizabeth Welsh@young Memorial Scholarship Charitable Trust has awarded 22 individual grants totaling $347,065. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS GARRISON FOREST SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward C Covahey Trustee | 1 | $7,776 | |
Elizabeth Reese Boozer Trustee | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,968 |
| Dividends & Interest | $145,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $125,411 |
| Capital Gain Net Income | $11,558 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $276,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $12,397 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,272 |
| Contributions, gifts, grants paid | $292,329 |
| Total expenses and disbursements | $309,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,406 |
| 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 | $173,921 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,881,374 |
| Accounts payable and accrued expenses | $438,648 |
| 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 | $438,648 |
Grants Awarded
Over the last fiscal year, Elizabeth Welsh@young Memorial Scholarship Charitable Trust has awarded $246,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKE TALBOTT PURPOSE: SCHOLARSHIP | $11,000 |
JORDAN BUTLER PURPOSE: SCHOLARSHIP | $16,000 |
MAYA ELWOOD PURPOSE: SCHOLARSHIP | $10,000 |
BRIANNA GLICK PURPOSE: SCHOLARSHIP | $10,000 |
HALLE STERN PURPOSE: SCHOLARSHIP | $12,000 |
TEMI DADA PURPOSE: SCHOLARSHIP | $11,000 |