Totals
- Total revenue
- $103,737
- Total expenses
- $90,046
- Contributions and grants received
- $97,222
- Grants paid
- $31,500
- Program service revenue
- $0
- Investment income
- $109
- Other revenue
- $6,406
- Total assets, end of year
- $1,467,212
- Total liabilities, end of year
- $426,097
- Net assets or fund balances, end of year
- $1,041,115
- Program services expenses (Part IX)
- $31,500
- Management and general expenses
- $58,546
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $31,500
Program services were 35.0% 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
$29,375
-
1f · All other contributions, gifts and grants
$67,847
-
3 · Investment income
total $109 · related or exempt $109
-
6a · Gross rents
real property $121,447
-
6b · Less rental expenses
real property $80,082
-
6c · Rental income or loss
real property $41,365
-
6d · Net rental income or loss
total $41,365 · related or exempt $41,365
-
8a · Fundraising events: contributions included on line 1c
$29,375
-
8b · Fundraising events: direct expenses
$34,959
-
8c · Net income from fundraising events
total -$34,959 · excluded -$34,959
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $31,500 · program services $31,500
-
7 · Other salaries and wages
total $11,096 · management and general $11,096
-
10 · Payroll taxes
total $835 · management and general $835
-
11c · Fees: accounting
total $7,010 · management and general $7,010
-
12 · Advertising and promotion
total $750 · management and general $750
-
13 · Office expenses
total $1,456 · management and general $1,456
-
20 · Interest
total $21,001 · management and general $21,001
-
22 · Depreciation, depletion and amortization
total $14,240 · management and general $14,240
-
24a · Other expenses: BANK CHARGES
total $916 · management and general $916
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $1,242 · management and general $1,242
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $111,774 · end of year $95,938
-
2 · Savings and temporary cash investments
beginning of year $134,103 · end of year $149,135
-
4 · Accounts receivable
beginning of year $4,258 · end of year $20,085
-
9 · Prepaid expenses and deferred charges
end of year $4,803
-
10a · Land, buildings and equipment: cost or other basis
$1,751,949
-
10b · Land, buildings and equipment: accumulated depreciation
$554,698
-
10c · Land, buildings and equipment, net
beginning of year $1,211,491 · end of year $1,197,251
-
17 · Accounts payable and accrued expenses
beginning of year $7,959 · end of year $5,875
-
23 · Secured mortgages and notes payable
beginning of year $420,849 · end of year $415,123
-
25 · Other liabilities
beginning of year $5,394 · end of year $5,099
-
27 · Net assets without donor restrictions
beginning of year $979,424 · end of year $993,115
-
28 · Net assets with donor restrictions
beginning of year $48,000 · end of year $48,000
Mission and programs · 2024
Mission
TO PROVIDE SCHOLARSHIPS FOR LOCAL HIGH SCHOOL GRADUATES
-
PROVIDE SCHOLARSHIPS FOR LOCAL HIGH SCHOOL GRADUATES
Expenses $31,500
As filed on the 2024 return.
Listed in Part VII
-
Ken BanksKEN BANKS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Robin ComerROBIN COMER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Chip SandersCHIP SANDERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
John HislopJOHN HISLOP
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
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
- 27 January 2026
- IRS schema version
- 2024v5.2
- Source object
- 202620279349300107
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