Peary Wilemon National Cotton Ginners Scholarship Foundation
- Assets
- $102.8k
- Revenue
- $3.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, TN
- Founding
- 05/1995
- Data as of
- 02/2022
- EIN
- 62-1595279
Organization Overview
Peary Wilemon National Cotton Ginners Scholarship Foundation is located in Cordova, TN. The organization was established in 1995. 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. Peary Wilemon National Cotton Ginners Scholarship 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 02/2022, Peary Wilemon National Cotton Ginners Scholarship Foundation generated $3.5k 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 (22.5%) each year. All expenses for the organization totaled $5.0k during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS AWARDED TO ELIGIBLE STUDENTS PURSUING STUDIES RELATED TO THE COTTON GINNING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis H Stewart President | 1 | $0 | |
George G Lacour Jr First Vice President | 1 | $0 | |
Walter Eugene Seale Second Vice President | 1 | $0 | |
Richard J Lindsey Third Vice President | 1 | $0 | |
Wesley A Morgan Chairman | 1 | $0 | |
Tony D Williams Presidential Advisor | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,450 |
| Interest on Savings | $37 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11 |
| Total operating and administrative expenses | $30 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $5,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,757 |
| Savings and temporary cash investments | $100,000 |
| 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 | $102,757 |
| 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, Peary Wilemon National Cotton Ginners Scholarship Foundation has awarded $5,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MD ZAFAR IQBAL PURPOSE: SCHOLARSHIP | $1,250 |
NOAH BURCHELL PURPOSE: SCHOLARSHIP | $1,250 |
ADEYEMI ADELEKE PURPOSE: SCHOLARSHIP | $1,250 |
DONOVAN DAVIS PURPOSE: SCHOLARSHIP | $1,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peary Wilemon National Cotton Ginners Scholarship Foundation has recieved totaling $1,350.
| Awarding Organization | Amount |
|---|---|
Gary V And Janet R Townsend Family Foundation Inc Muncie, IN PURPOSE: GENERAL SUPPORT | $1,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
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 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
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 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |