M Valeria Richardson Trust 897
- Assets
- $25.4m
- Revenue
- $1.2m
- Investments
- $24.4m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 02/1968
- Data as of
- 06/2024
- EIN
- 83-6003603
Organization Overview
M Valeria Richardson Trust 897 is located in Saint Louis, MO. The organization was established in 1968. 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. M Valeria Richardson Trust 897 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 06/2024, M Valeria Richardson Trust 897 generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, M Valeria Richardson Trust 897 has awarded 16 individual grants totaling $11,670,069. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO THE UNIVERSITY OF WYOMING AND CASPER COLLEGE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $961,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $204,310 |
| Capital Gain Net Income | $204,310 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,072 |
| Total Revenue | $1,168,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $199,593 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,783 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,957 |
| Total operating and administrative expenses | $301,801 |
| Contributions, gifts, grants paid | $1,607,029 |
| Total expenses and disbursements | $1,908,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,937 |
| Savings and temporary cash investments | $1,041,867 |
| 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 | $4,479,153 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,411,383 |
| 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, M Valeria Richardson Trust 897 has awarded $1,607,029 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WYOMING PURPOSE: SCHOLARSHIPS | $1,054,657 |
CASPER COLLEGE PURPOSE: SCHOLARSHIPS | $552,372 |