State Employees Association Of N C Scholarship Fndn Inc
- Assets
- $466.5k
- Revenue
- $69.6k
- Investments
- $386.8k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/1986
- Data as of
- 09/2023
- EIN
- 56-1436745
Organization Overview
State Employees Association Of N C Scholarship Fndn Inc is located in Raleigh, NC. The organization was established in 1986. 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. State Employees Association Of N C Scholarship Fndn 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 09/2023, State Employees Association Of N C Scholarship Fndn Inc generated $69.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $66.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, State Employees Association Of N C Scholarship Fndn Inc has awarded 324 individual grants totaling $282,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR QUALIFIED FAMILY MEMBERS OF MEMBERS OF THE STATE EMPLOYEES ASSOCIATION OF NORTH CAROLINA, INC.47 SCHOLARSHIPS AWARDED.
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 |
|---|---|---|---|
Michael T Bell Chairperson | 1 | $0 | |
Verna Wade Vice Chairperson | 1 | $0 | |
Chevella L Thomas Treasurer | 1 | $0 | |
Cynthia S Crawford Secretary | 1 | $0 | |
Onie Whitley Board Member | 1 | $0 | |
Deborah Fleming Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,587 |
| Interest on Savings | $586 |
| Dividends & Interest | $7,703 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,826 |
| Capital Gain Net Income | $7,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,889 |
| Total Revenue | $69,591 |
| 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 | $1,559 |
| Printing and publications | $870 |
| Other expenses | $20,843 |
| Total operating and administrative expenses | $27,957 |
| Contributions, gifts, grants paid | $38,500 |
| Total expenses and disbursements | $66,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,649 |
| 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 | $50 |
| Total assets | $466,511 |
| Accounts payable and accrued expenses | $4,500 |
| Grants payable | $0 |
| Deferred revenue | $921 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,661 |
| Total liabilities | $11,082 |
Grants Awarded
Over the last fiscal year, State Employees Association Of N C Scholarship Fndn Inc has awarded $38,500 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
REMI JEANMARIE-JENNINGS PURPOSE: SCHOLARSHIP FOR EDUCATIONAL PURPOSES | $500 |
ALLISON WARD PURPOSE: SCHOLARSHIP FOR EDUCATIONAL PURPOSES | $500 |
MATTHEW LAVENDER PURPOSE: SCHOLARSHIP FOR EDUCATIONAL PURPOSES | $500 |
CHRISTIAN RAY SCOTT PURPOSE: SCHOLARSHIP FOR EDUCATIONAL PURPOSES | $500 |
LAUREN SANCHEZ PURPOSE: SCHOLARSHIP FOR EDUCATIONAL PURPOSES | $1,000 |
TAYLOR GRACE SOLLIE PURPOSE: SCHOLARSHIP FOR EDUCATIONAL PURPOSES | $1,000 |