Overview
What is King-Thomas Scholarship Trust?
The King-Thomas Scholarship Trust is a nonprofit organization situated in Ashland, Maine. Its primary mission is to manage and preserve assets with the intention of distributing the earnings as scholarships to graduates of MSAD 32 who aspire to pursue post-secondary education. In 2022, the trust awarded a total of $67,000 in scholarships to 18 eligible students. This charitable initiative aims to support local talent and facilitate their higher education endeavors.
Is King-Thomas Scholarship Trust legitimate?
King-Thomas Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. King-Thomas Scholarship Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of King-Thomas Scholarship Trust?
The King-Thomas Scholarship Trust is an entity that manages assets with the primary objective of distributing their earnings as scholarships. This financial aid is intended for graduates of MSAD 32 who wish to further their education beyond secondary level. The mission of the trust is to provide financial support, thereby enabling these students to pursue post-secondary education. In 2022, the trust distributed a significant portion of its earnings, amounting to 67,000 dollars, to 18 eligible students from MSAD 32.
Who is the CEO of King-Thomas Scholarship Trust?
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What is the revenue of King-Thomas Scholarship Trust?
King-Thomas Scholarship Trust's revenue in 2022 was $92,521.
Who are the executives of King-Thomas Scholarship Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for King-Thomas Scholarship Trust?
King-Thomas Scholarship Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of King-Thomas Scholarship Trust
The King-Thomas Scholarship Trust is an organization that is committed to managing and preserving its assets. Its primary objective is to utilize the earnings generated from these assets to award scholarships to graduates of MSAD 32. These students are encouraged to pursue post-secondary education, thereby furthering their academic journeys. In the year 2022, the Trust disbursed a substantial sum of $67,000 to eighteen deserving students from MSAD 32, who had chosen to embark on their post-secondary educational paths. The King-Thomas Scholarship Trust plays a significant role in supporting these students, enabling them to pursue their academic dreams and potentially contribute positively to their communities and beyond.
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Impact
October, 2024
The King-Thomas Scholarship Trust has a significant impact on the educational opportunities available to graduates of MSAD 32. By managing its assets and distributing earnings, the trust directly supports students seeking to pursue post-secondary education. In 2022 alone, it awarded $67,000 in scholarships to 18 students, alleviating financial barriers and enabling them to further their education. This support not only benefits the individual recipients but also contributes positively to the community in Ashland, Maine, by fostering a more educated population. Ultimately, the trust plays a crucial role in empowering students to achieve their academic and career aspirations.
This information is meant to be a general summary of King-Thomas Scholarship Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $92,521
- Gross Receipts: $92,521
Assets and Liabilities:
- Total Assets: $1,562,704
- Total Liabilities: $0
- Net Assets: $1,562,704
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Organization Details
Founding Year
2000
Phone
(207) 435-3661Main Address
PO BOX 289, ASHLAND, ME, 04732
NTEE Category
Code: B82 - Education
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