Ms-Sc Trust Fbo Phillips Exeter Academy

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 576114852 ✦ Chevy chase, MD ✦ Designated as a 501(c)(3)

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Overview

What is Ms-Sc Trust Fbo Phillips Exeter Academy?

Ms-Sc Trust Fbo Phillips Exeter Academy is a nonprofit organization that provides financial aid for needy students from Mississippi (MS) and South Carolina (SC) attending Phillips Exeter Academy in Exeter, New Hampshire. The trust's mission is to support the educational institution, which is a 501(c)(3), by providing funds for deserving students from MS and SC. In situations where funds are not required for these states, the trust may distribute aid to students from Tennessee, Alabama, Arkansas, or Georgia. Additionally, the trust may contribute to the educational programs of Phillips Exeter Academy.

Is Ms-Sc Trust Fbo Phillips Exeter Academy legitimate?

Ms-Sc Trust Fbo Phillips Exeter Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ms-Sc Trust Fbo Phillips Exeter Academy 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ms-Sc Trust Fbo Phillips Exeter Academy?

The mission of the Ms-Sc Trust, supporting Phillips Exeter Academy, is to provide financial aid to needy students from Mississippi (MS) and South Carolina (SC) who have been admitted to the academy. If the funds are not required for these students, they can be allocated to support financially challenged students from Tennessee, Alabama, Arkansas, or Georgia. Additionally, the trust may utilize its resources to contribute to the educational programs of the academy. The primary objective of the trust is to support Phillips Exeter Academy, a 501(c)(3) educational institution, in its mission to assist needy students from the mentioned states.

Who is the CEO of Ms-Sc Trust Fbo Phillips Exeter Academy?

Tim Pittman is the Trustee of Ms-Sc Trust Fbo Phillips Exeter Academy.

What is the revenue of Ms-Sc Trust Fbo Phillips Exeter Academy?

Ms-Sc Trust Fbo Phillips Exeter Academy's revenue in 2021 was $2,032,798.

Who are the executives of Ms-Sc Trust Fbo Phillips Exeter Academy and what are their salaries?


Here are 5 key members and their salaries:


Timothy D Pittman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Fellows (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Hodding Carter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John F Hassell Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred E Pittman Md 1121-121721 (Founder/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ms-Sc Trust Fbo Phillips Exeter Academy?

Ms-Sc Trust Fbo Phillips Exeter Academy's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Ms-Sc Trust Fbo Phillips Exeter Academy

The Ms-Sc Trust, a philanthropic entity, is committed to supporting the Phillips Exeter Academy, a renowned educational institution. Its mission is to provide financial aid to deserving students hailing from Mississippi (MS) and South Carolina (SC), who have been accepted into the academy. In instances where the funds are not required for students from MS and SC, the trust may extend its support to financially struggling students from other states, such as Tennessee (TN), Alabama (AL), Arkansas (AR), and Georgia (GA). Furthermore, the trust also contributes to the educational programs within the academy. The overarching goal of the Ms-Sc Trust is to ensure that deserving students, regardless of their financial status, have the opportunity to pursue their education at Phillips Exeter Academy.

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Impact




October, 2024

Ms-Sc Trust Fbo Phillips Exeter Academy significantly enhances educational opportunities for needy students from Mississippi and South Carolina by providing essential scholarship funding. In 2021 alone, the trust distributed $1.5 million to support these students, ensuring that deserving individuals can attend one of the nation’s premier educational institutions.

When funds are not required for students from the designated states, the trust extends its support to needy students from Tennessee, Alabama, Arkansas, and Georgia, further broadening its impact. This commitment not only helps alleviate financial barriers for students but also enriches the diverse community at Phillips Exeter Academy.

Additionally, the trust’s mission encompasses funding for educational programs at the academy, thereby contributing to the overall enrichment of the academic environment and supporting initiatives that enhance the quality of education for all students. The trust's efforts promote equitable access to education, fostering a more inclusive learning environment for students from diverse backgrounds.




This information is meant to be a general summary of Ms-Sc Trust Fbo Phillips Exeter Academy. 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.

Revenue
$2,032,798 (2021)
Expenses
$1,735,371 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $2,032,798
  • Gross Receipts: $18,722,579

Assets and Liabilities:

  • Total Assets: $24,990,047
  • Total Liabilities: $11,660,830
  • Net Assets: $13,329,217

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Organization Details

Founding Year

1987

Principal Officer

Tim Pittman

Main Address

3206 CUMMINGS LANE, CHEVY CHASE, MD, 20815

NTEE Category

Code: B82 - Education

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