Midlothian Masonic Scholarship Foundation
- Assets
- $195.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midlothian, TX
- Founding
- 04/2009
- Data as of
- 06/2024
- EIN
- 26-1240986
Organization Overview
Midlothian Masonic Scholarship Foundation is located in Midlothian, TX. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midlothian Masonic Scholarship Foundation 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 06/2024, Midlothian Masonic Scholarship Foundation generated $9.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (46.7%) each year. All expenses for the organization totaled $21.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
MONETARY SCHOLARSHIPS TO HIGH SCHOOL SENIORS FOR HIGHER EDUCATION EXPENSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Roy Elliott President | 2 | $0 | |
Quention Delane Burge Vice President | 7 | $0 | |
Samuel Virgil Allsbrooks Secretary | 2 | $0 | |
Robert M Gerard Treasurer | 5 | $0 | |
Kevin Maddox Public Relations Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,900 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,829 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,819 |
| Other Revenue | $0 |
| Total Revenue | $9,910 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $1,100 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $21,600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,807 |
| Other assets | $0 |
| Total assets | $195,722 |
| Total liabilities | $20,500 |
| Net assets or fund balances | $175,222 |