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Jerry W Scott Trust

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

EIN: 816335617 ✦ Meridian, MS ✦ Designated as a 501(c)(3)

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Overview

What is Jerry W Scott Trust?

The Jerry W Scott Trust is a charitable entity based in Meridian, Mississippi, with a postal address at PO Box 911. Its primary mission is to fund scholarships annually. The trust operates solely for this purpose, distributing its net income to either the Meridian Branch of Mississippi State University or another institution, including a community college. The scholarships are awarded in increments of $3,500. The trust's primary activity is to support education in the Meridian area, making it an essential resource for local students seeking financial aid for their education.

Is Jerry W Scott Trust legitimate?

Jerry W Scott Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jerry W Scott 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.


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 Jerry W Scott Trust?

The Jerry W Scott Trust's primary mission is to provide annual scholarship funds. It achieves this by distributing all its net income for scholarships. The trust operates solely for this purpose, and it typically awards scholarships in increments of $3,500. In 2022, the trust distributed its net income to the Meridian Branch of Mississippi State University to fund these scholarships. The trust's mission is to support students in their educational pursuits by providing financial aid.

Who is the CEO of Jerry W Scott Trust?

John David Barr is the Trustee of Jerry W Scott Trust.

What is the revenue of Jerry W Scott Trust?

Jerry W Scott Trust's revenue in 2022 was $553,115.

Who are the executives of Jerry W Scott Trust and what are their salaries?


There is 1 key member and their salary:


Citizens National Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $18,780
Where can I find the form 990 for Jerry W Scott Trust?

Jerry W Scott Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Jerry W Scott Trust

The Jerry W Scott Trust is an organization dedicated to providing annual scholarship funds. Its primary mission is to distribute the net income of the trust solely for the purpose of granting scholarships. This philanthropic entity has chosen to support the Meridian Branch of Mississippi State University, as well as other educational institutions, including community colleges. The scholarships are awarded in increments of $3,500, making a significant impact on the recipients' academic pursuits. In 2022, the Trust followed through on its mission, distributing its net income to the Meridian Branch of Mississippi State University to fund these scholarships.

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Impact




October, 2024

The Jerry W Scott Trust significantly enhances educational opportunities in the Meridian community by providing scholarship funding specifically for students attending the Meridian Branch of Mississippi State University and other institutions, including community colleges. By distributing its net income in increments of $3,500 annually, the trust directly supports students in their pursuit of higher education, reducing their financial burden and fostering academic success. In 2022, the trust focused its efforts on the Meridian branch, reinforcing its commitment to local education and empowering students to reach their academic goals. This ongoing support not only assists individual students but also contributes to the overall educational development within the region.




This information is meant to be a general summary of Jerry W Scott 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.

Revenue
$553,115 (2022)
Expenses
$40,730 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $553,115
  • Gross Receipts: $1,374,041

Assets and Liabilities:

  • Total Assets: $1,960,318
  • Total Liabilities: $0
  • Net Assets: $1,960,318

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Organization Details

Founding Year

2016

Principal Officer

John David Barr

Main Address

PO BOX 911, MERIDIAN, MS, 39302

NTEE Category

Code: B82 - Education

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