Skip to content
Nonprofiteer
← WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC

Form 990 for tax year 2023

Filed by WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC.

Totals

Total revenue
$131,539
Total expenses
$28,994
Contributions and grants received
$63,000
Grants paid
$16,625
Program service revenue
$0
Investment income
$71,896
Other revenue
-$3,357
Total assets, end of year
$747,539
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$747,539
Program services expenses (Part IX)
$16,625
Management and general expenses
$12,369
Fundraising expenses
$0
Program service expenses (Part III)
$16,625

Program services were 57.3% 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

    $63,000

  • 3 · Investment income

    total $23,619 · excluded $23,619

  • 7a · Gross sales of assets other than inventory

    securities $267,719

  • 7b · Less cost or other basis and sales expenses

    securities $219,442

  • 7c · Gain or loss

    securities $48,277

  • 7d · Net gain or loss

    total $48,277 · excluded $48,277

  • 8a · Fundraising events: gross income

    $15,778

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

    $63,000

  • 8b · Fundraising events: direct expenses

    $19,135

  • 8c · Net income from fundraising events

    total -$3,357

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $16,625 · program services $16,625

  • 11c · Fees: accounting

    total $2,530 · management and general $2,530

  • 11f · Fees: investment management

    total $8,294 · management and general $8,294

  • 12 · Advertising and promotion

    total $430 · management and general $430

  • 23 · Insurance

    total $1,115 · management and general $1,115

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,324 · end of year $990

  • 2 · Savings and temporary cash investments

    beginning of year $14,393 · end of year $29,036

  • 11 · Investments: publicly traded securities

    beginning of year $594,277 · end of year $717,513

  • 31 · Retained earnings, endowment or other funds

    beginning of year $644,994 · end of year $747,539

Mission and programs · 2023

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 $16,625 · Grants $16,625

As filed on the 2023 return.

Listed in Part VII

  • Jan Douthit

    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

  • Mike Whitworth

    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
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202413199349305061

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.