John S Mccullough Memorial Scholarship
- Assets
- $288.1k
- Revenue
- $39.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 35-2111852
Organization Overview
John S Mccullough Memorial Scholarship is located in Evansville, IN. The organization was established in 2002. 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. John S Mccullough Memorial Scholarship 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, John S Mccullough Memorial Scholarship generated $39.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $33.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALL SCHOLARSHIPS AWARDED WILL BE SOLELY FOR THE TUITION OF THE SCHOLARSHIP RECIPIENT AT THE COLLEGE OR UNIVERSITY OF HIS OR HER CHOICE. THE SCHOLARHSIP SHALL BE LIMITED TO AN INDIVIDUAL (MALE OR FEMALE) WHO ATTENDS REITZ MEMORIAL HIGH SCHOOL LOCATED IN EVANSVILLE, IN. APPLICANTS FOR THE SCHOLARSHIP MUST BE A HIGH SCHOOL SENIOR AND IN THE TOP 50% OF HIS OR HER CLASS. THERE ARE OR WILL BE NO RESTRICTIONS OR LIMITATIONS IN THE SELECTION PROCEDURES WHICH ARE BASED UPON RACE OR THE EMPLOYMENT STATUS OF THE PROSPECTIVE RECIPIENT OR ANY RELATIVE OF THE PROSPECTIVE RECIPIENT. RELATIVES OF MEMBERS OF THE SELECTION COMMITTEE WILL BE INELIGIBLE AND WILL NOT QUALIFY AS POSSIBLE RECIPIENTS. THE APPROXIMATED NUMBER OF ELIGIBLE INDIVIDUALS WILL BE 100.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE RAISED TO GRANT SCHOLARSHIPS TO WORTHY HIGH SCHOOL SENIORS FOR THEIR COLLEGE OF CHOICE. THE FIRST SCHOLARSHIP WAS GRANTED IN THE SUMMER OF 2001. TOTAL TIME DEVOTED TO THIS SOLE EVENT IS 100%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Cater Director | Trustee | $0 | |
R Michael Griffin Director | Trustee | $0 | |
Charles C Jochim Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,399 |
| Total Program Service Revenue | $0 |
| Investment income | $3,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $608 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,236 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $19 |
| Total functional expenses | $33,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,768 |
| Savings and temporary cash investments | $1,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $262,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $288,135 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $288,135 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $288,135 |