Tidewater Association Of Home Builders Scholarship Foundation In
- Assets
- $971.8k
- Revenue
- $55.7k
- Investments
- $918.4k
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 08/1965
- Data as of
- 12/2020
- EIN
- 54-6057730
Organization Overview
Tidewater Association Of Home Builders Scholarship Foundation In is located in Chesapeake, VA. The organization was established in 1965. 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. Tidewater Association Of Home Builders Scholarship Foundation In 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 12/2020, Tidewater Association Of Home Builders Scholarship Foundation In generated $55.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $49.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tidewater Association Of Home Builders Scholarship Foundation In has awarded 143 individual grants totaling $273,126. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVEN NEW SCHOLARSHIPS AWARDED AND PAYMENTS ON PREVIOUS SCHOLARSHIPS AWARDED
PAYMENTS ON FOUR NEW YOUNG DESIGNER SCHOLARSHIPS AWARDED IN PREVIOUS YEARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Wallace Secretary | 4 | $0 | |
Lana L O'meara Appointee | 4 | $0 | |
John Barnes Director | 4 | $0 | |
Sandra C Canada Director | 4 | $0 | |
Steven Cunningham Director | 4 | $0 | |
Paul Farrell Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,775 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,737 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,163 |
| Capital Gain Net Income | $6,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $4,161 |
| Pension plans, employee benefits | $2,024 |
| Interest | $0 |
| Taxes | $963 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,561 |
| Total operating and administrative expenses | $18,586 |
| Contributions, gifts, grants paid | $30,850 |
| Total expenses and disbursements | $49,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,475 |
| Savings and temporary cash investments | $33,900 |
| 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 | $2,066 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $971,832 |
| Accounts payable and accrued expenses | $4,126 |
| Grants payable | $59,000 |
| 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 | $63,126 |
Grants Awarded
Over the last fiscal year, Tidewater Association Of Home Builders Scholarship Foundation In has awarded $61,475 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
JAYLEN JOHNSON PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,375 |
KHYLA MOYLER PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,375 |
ALEX AXTON PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,375 |
MADISON STONE PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,375 |
GAVIN RYNO PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,375 |
TERRANCE WILSON PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |