Scott Foundation Inc
- Assets
- $10.5m
- Revenue
- $736.0k
- Investments
- $10.1m
- Employees
- 0
- Location
- Opelika, AL
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 16-1744259
Organization Overview
Scott Foundation Inc is located in Opelika, AL. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scott Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Scott Foundation Inc generated $736.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Scott Foundation Inc has awarded 248 individual grants totaling $10,861,063. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ij Scott III Director | 10 | $0 | |
William M Scott Director | 5 | $0 | |
Gerard Swarthout III Director | 5 | $0 | |
Amory Scott Executive Director | 30 | $90,000 | |
Mike Terrell Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,731 |
| Dividends & Interest | $369,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $362,019 |
| Capital Gain Net Income | $362,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $735,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,734 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,553 |
| Total operating and administrative expenses | $226,731 |
| Contributions, gifts, grants paid | $1,137,100 |
| Total expenses and disbursements | $1,363,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,590 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $340,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,840 |
| Total assets | $10,474,028 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Scott Foundation Inc has awarded $1,137,100 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD VISION PURPOSE: RELIGIOUSRELIGIOUS | $25,000 |
NAVIGATORS PURPOSE: RELIGIOUS | $61,080 |
ORPHANAGE EMMANUEL PURPOSE: RELIGIOUS | $45,000 |
THE WAY TO SERVE PURPOSE: RELIGIOUS | $18,000 |
WOMENS HOPE PURPOSE: RELIGIOUS | $90,000 |
JESUS FILM PURPOSE: RELIGIOUS | $30,000 |