Scott & Stringfellow Educational Foundation
- Assets
- $938.7k
- Revenue
- $139.5k
- Investments
- $851.7k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 54-1669283
Organization Overview
Scott & Stringfellow Educational Foundation is located in Richmond, VA. The organization was established in 1993. 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. Scott & Stringfellow Educational Foundation 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, Scott & Stringfellow Educational Foundation generated $139.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $92.4k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Scott & Stringfellow Educational Foundation has awarded 13 individual grants totaling $217,050. 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
PROVISION OF EDUCATIONAL SCHOLARSHIPS TO QUALIFIED APPLICANTS. A TOTAL OF 18 INDIVIDUALS WERE PROVIDED SCHOLARSHIPS IN 2022.
CHARITABLE CONTRIBUTIONS TO EDUCATIONAL INSTITUTIONS AS HONORARIUMS IN RECOGNITION OF SELECTION COMMITTEE VOLUNTEERS. A TOTAL OF 3 INSTITUTIONS RECEIVED CONTRIBUTIONS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin B Heiner President & | 2 | $0 | |
John F Hamilton Treasurer & | 1.5 | $0 | |
Bradley H Gunter Secretary & | 2 | $0 | |
Richard T Blackwell Director | 1 | $0 | |
John H Bocock Director | 1 | $0 | |
Auguste J Bannard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,000 |
| Dividends & Interest | $34,144 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,346 |
| Capital Gain Net Income | $104,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $139,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,676 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,050 |
| Total operating and administrative expenses | $20,970 |
| Contributions, gifts, grants paid | $71,400 |
| Total expenses and disbursements | $92,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,975 |
| 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 | $938,711 |
| 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, Scott & Stringfellow Educational Foundation has awarded $71,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGIATE SCHOOL PURPOSE: HONORARIUMS | $800 |
EDUCATIONAL SCHOLARSHIPS- PURPOSE: SCHOLARSHIP GRANTS | $69,000 |
ST CHRISTOPHER'S SCHOOL PURPOSE: HONORARIUMS | $800 |
ST CATHERINE'S SCHOOL PURPOSE: HONORARIUMS | $800 |