Grace Hoyle Scholarship Fund Inc
- Assets
- $32.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, NC
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 56-1216015
Organization Overview
Grace Hoyle Scholarship Fund Inc is located in Newton, NC. The organization was established in 1979. 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. Grace Hoyle 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 12/2022, Grace Hoyle Scholarship Fund Inc generated $10.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (73.7%) each year. All expenses for the organization totaled $2.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOCAL STUDENTS FROM THE COMMUNITY WITH A SCHOLARSHIP TO FURTHER THEIR EDUCATION AT THE COLLEGE LEVEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Hoyle President | 1 | $0 | |
Robert A Mullinax Registered Agent | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,131 |
| Total expenses | $2,481 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,043 |
| Other assets | $0 |
| Total assets | $32,043 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,043 |