Nick H Gray Scholarship Trust
- Assets
- $15.9m
- Revenue
- $301.1k
- Investments
- $15.4m
- Employees
- 0
- Location
- Littleton, CO
- Founding
- Data as of
- 06/2023
- EIN
- 84-4840286
Organization Overview
Nick H Gray Scholarship Trust is located in Littleton, CO. 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. Nick H Gray 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 06/2023, Nick H Gray Scholarship Trust generated $301.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.6%) each year. All expenses for the organization totaled $999.0k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gray Co-Trustee | 15 | $0 | |
Lezlee Cox Co-Trustee | 10 | $600 | |
Nancie Rotherham Co-Trustee | 10 | $300 | |
Marvin Huston Jr Co-Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $230,127 |
| Interest on Savings | $0 |
| Dividends & Interest | $610,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$540,497 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,043 |
| Total Revenue | $301,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $99,011 |
| Contributions, gifts, grants paid | $900,000 |
| Total expenses and disbursements | $999,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $443,142 |
| 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 | $4,410,000 |
| Investments—other | $11,010,660 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,863,802 |
| 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 |