Dr Martin Luther King Jr Scholarship Fund Of Rutherford
- Assets
- $47.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 62-1444386
Organization Overview
Dr Martin Luther King Jr Scholarship Fund Of Rutherford is located in Murfreesboro, TN. The organization was established in 2002. 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. Dr Martin Luther King Jr Scholarship Fund Of Rutherford 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 12/2023, Dr Martin Luther King Jr Scholarship Fund Of Rutherford generated $49.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $54.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDING AFRICAN AMERICAN STUDENTS THE ABILITY TO ACHIEVE ACADEMIC EXCELLENCE AND TO RECOGNIZE EXCEPTIONAL LEADERSHIP AND INTEGRITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devolla Moorman Director | 1 | $0 | |
Alisha Anderson Treasurer | 1 | $0 | |
Jotrone Marable Vice Chairman | 1 | $0 | |
Katie Wilson Director | 1 | $0 | |
Florence Smith Director | 1 | $0 | |
Kisha Napper Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,055 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,681 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,473 |
| Total Revenue | $49,209 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $475 |
| Printing, publications, postage, and shipping | $570 |
| Other expenses | $52,967 |
| Total expenses | $54,012 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,101 |
| Other assets | $0 |
| Total assets | $47,811 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,811 |