Bud Mitchum Scholarship Fund
- Assets
- $736.1k
- Revenue
- $40.6k
- Investments
- $610.8k
- Employees
- 0
- Location
- Spring Hill, TN
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3699627
Organization Overview
Bud Mitchum Scholarship Fund is located in Spring Hill, TN. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Bud Mitchum 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 12/2021, Bud Mitchum Scholarship Fund generated $40.6k in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDING OF SCHOLARSHIPS TO STUDENTS FROM MAURY COUNTY, TN AND/OR MARSHALL COUNTY, TN INTERESTED IN STUDYING AGRICULTURE AT A COLLEGE OR UNIVERSITY LOCATED IN THE STATE OF TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Starla Hardin Selection Comm. | 1 | $0 | |
Terri Anne Orr Selection Comm. | 1 | $0 | |
Randy Lochridge Trustee | 1 | $0 | |
Pinnacle Financial - Kim Boone Trustee | 1 | $0 | |
James Gary Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,486 |
| Capital Gain Net Income | $24,486 |
| Net ST Capital Gain | $3,566 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $686 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,975 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $11,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $125,279 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $736,113 |
| 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, Bud Mitchum Scholarship Fund has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF TN MARTIN FBO JACOB GILLESP PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
UNIV OF TN MARTIN FBO GARRETT W MIL PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |
Grace Christian Academy Of Leipers Fork Franklin, TN | $10,280,279 | $8,867,909 |
Healthmpowers Inc Norcross, GA | $4,830,831 | $6,606,779 |
Manna Cafe Ministries Clarksville, TN | $2,290,772 | $5,669,916 |
Innovative Education Partnership Corporation Maryville, TN | $1,869,912 | $5,283,927 |
Association For The Advancement Of Education Inc Saxapahaw, NC | $14,393,237 | $5,390,894 |
Kauffman Scholars Inc Kansas City, MO | $2,305,850 | $5,242,341 |