Mcknight Orphans Scholarship Fund
- Assets
- $927.4k
- Revenue
- $61.2k
- Investments
- $884.1k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 06/2008
- Data as of
- 10/2023
- EIN
- 37-0731401
Organization Overview
Mcknight Orphans Scholarship Fund is located in Las Vegas, NV. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mcknight Orphans Scholarship Fund 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 10/2023, Mcknight Orphans Scholarship Fund generated $61.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $97.2k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mcknight Orphans Scholarship Fund has awarded 21 individual grants totaling $218,151. 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 |
|---|---|---|---|
John J Hattery Co-Trustee | 1 | $2,800 | |
Wells Fargo Bank N A Trustee | 1 | $21,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,854 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,429 |
| Capital Gain Net Income | $16,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $887 |
| Total Revenue | $61,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,209 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $630 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295 |
| Total operating and administrative expenses | $27,971 |
| Contributions, gifts, grants paid | $69,200 |
| Total expenses and disbursements | $97,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,285 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $597,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $927,417 |
| 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, Mcknight Orphans Scholarship Fund has awarded $69,200 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CARL SANDBURG COLLEGE FBO JENNIFER RICE PURPOSE: SCHOLARSHIP | $9,512 |
CARL SANDBURG COLLEGE FBO SHARNAE PURPOSE: SCHOLARSHIP | $10,295 |
CARL SANDBURG COLLEGE FBO BRIANNA PURPOSE: SCHOLARSHIP | $6,992 |
CARL SANDBURG COLLEGE FBO OLIVIA WILDER PURPOSE: SCHOLARSHIP | $5,107 |
CARL SANDBURG COLLEGE FBO DASHAY BURNET PURPOSE: SCHOLARSHIP | $5,019 |
CARL SANDBURG COLLEGE FBO IVY PEED PURPOSE: SCHOLARSHIP | $7,275 |