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Nonprofiteer
← WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC

Form 990 for tax year 2024

Filed by WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC.

Totals

Total revenue
$83,698
Total expenses
$32,647
Contributions and grants received
$57,150
Grants paid
$22,375
Program service revenue
$0
Investment income
$22,264
Other revenue
$4,284
Total assets, end of year
$798,590
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$798,590
Program services expenses (Part IX)
$22,375
Management and general expenses
$10,272
Fundraising expenses
$0
Program service expenses (Part III)
$22,375

Program services were 68.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $57,150

  • 3 · Investment income

    total $22,264 · excluded $22,264

  • 8a · Fundraising events: gross income

    $17,561

  • 8a · Fundraising events: contributions included on line 1c

    $57,150

  • 8b · Fundraising events: direct expenses

    $13,277

  • 8c · Net income from fundraising events

    total $4,284

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $22,375 · program services $22,375

  • 11f · Fees: investment management

    total $8,778 · management and general $8,778

  • 12 · Advertising and promotion

    total $339 · management and general $339

  • 23 · Insurance

    total $1,155 · management and general $1,155

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $990 · end of year $2,440

  • 2 · Savings and temporary cash investments

    beginning of year $29,036 · end of year $68,823

  • 11 · Investments: publicly traded securities

    beginning of year $717,513 · end of year $727,327

  • 31 · Retained earnings, endowment or other funds

    beginning of year $747,539 · end of year $798,590

Mission and programs · 2024

Mission

THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO GRANT EDUCATIONAL SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS.

Activities or mission (Part I)

FUNDING EDUCATIONAL SCHOLARSHIPS

  • THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO GRANT EDUCATIONAL SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS. PAYMENTS ARE MADE DIRECTLY TO SCHOOLS FOR TUITION AND FEES. RECIPIENTS PROVIDE GRADES AND PROOF OF ENROLLMENT TO WILLIAM BONNER INGRAM SCHOLARSHIP FUND, INC. EACH SEMESTER.

    Expenses $22,375 · Grants $22,375

As filed on the 2024 return.

Listed in Part VII

  • Jason Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Frye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Frye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Ingram

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Allyson Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Nowlin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Schwab

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dorenda Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Loyie Winkel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 November 2025
IRS schema version
2024v5.0
Source object
202503149349303845

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