Lynell Oliver Baker Scholarship Fund Inc
- Assets
- $167.0k
- Revenue
- $23.6k
- Investments
- $156.8k
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 02/1991
- Data as of
- 07/2023
- EIN
- 54-1521506
Organization Overview
Lynell Oliver Baker Scholarship Fund Inc is located in Suffolk, VA. The organization was established in 1991. 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. Lynell Oliver Baker Scholarship Fund Inc 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 07/2023, Lynell Oliver Baker Scholarship Fund Inc generated $23.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $10.8k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO FEMALE GRADUATING SENIORS FROM THE CITY OF SUFFOLK, VIRGINIA PUBLIC SCHOOL SYSTEM WHO HAVE BEEN ACCEPTED TO A COLLEGE OR UNIVERSITY FOR POST SECONDARY STUDY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha K Kinsey Director | 0 | $0 | |
Emily Knick Vice President | 0 | $0 | |
Paige Hill Director | 0 | $0 | |
Frank A Spady III Treasurer | 0 | $0 | |
Lee Baines Director | 0 | $0 | |
Lynn B Cross President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,110 |
| Interest on Savings | $118 |
| Dividends & Interest | $5,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $943 |
| Capital Gain Net Income | $943 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,761 |
| Total operating and administrative expenses | $1,761 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $10,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,209 |
| 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 | $1 |
| Total assets | $167,000 |
| 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, Lynell Oliver Baker Scholarship Fund Inc has awarded $9,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA LOU ROTZLER PURPOSE: SCHOLARSHIP TO ASSIST COSTS OF ATTENDING NC STATE UNIVERSITY | $3,000 |
NOELLE INGRAM PURPOSE: SCHOLARSHIP TO ASSIST COSTS OF ATTENDING STANFORD UNIVERSITY | $3,000 |
MADISON BULLOCK PURPOSE: SCHOLARSHIP TO ASSIST COSTS OF ATTENDING RANDOLPH MACON COLLEGE | $3,000 |