Bernice Gotaas Scholarship Fund
- Assets
- $3.6m
- Revenue
- $118.1k
- Investments
- $3.5m
- Employees
- 0
- Location
- Mountain Home, AR
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-1278964
Organization Overview
Bernice Gotaas Scholarship Fund is located in Mountain Home, AR. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Bernice Gotaas 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 12/2022, Bernice Gotaas Scholarship Fund generated $118.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $233.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bernice Gotaas Scholarship Fund has awarded 41 individual grants totaling $536,275. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS FOR 100+ RECIPIENTS IN MARION COUNTY AR
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $319 |
| Dividends & Interest | $117,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $65,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,933 |
| Total operating and administrative expenses | $50,108 |
| Contributions, gifts, grants paid | $183,000 |
| Total expenses and disbursements | $233,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,010 |
| 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 | $1,094,685 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,566,645 |
| 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, Bernice Gotaas Scholarship Fund has awarded $183,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LYON COLLEGE PURPOSE: SCHOLARSHIPS | $4,475 |
UNIVERSITY OF MISSOURI PURPOSE: SCHOLARSHIPS | $2,250 |
HARDING UNIVERSITY PURPOSE: SCHOLARSHIPS | $3,000 |
COLLEGE OF THE OZARKS PURPOSE: SCHOLARSHIPS | $6,225 |
NORTH ARKANSAS COLLEGE PURPOSE: SCHOLARSHIPS | $6,000 |
WILLIAM WOODS UNIVERSIT PURPOSE: SCHOLARSHIPS | $3,225 |