T Franklin Cheek Jr Scholarship Fund
- Assets
- $592.5k
- Revenue
- $34.3k
- Investments
- $564.0k
- Employees
- 0
- Location
- Newbern, TN
- Founding
- 07/2002
- Data as of
- 06/2024
- EIN
- 62-1849605
Organization Overview
T Franklin Cheek Jr Scholarship Fund is located in Newbern, TN. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. T Franklin Cheek Jr Scholarship Fund 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 06/2024, T Franklin Cheek Jr Scholarship Fund generated $34.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $44.0k during the year ending 06/2024. While expenses have increased by 6.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, T Franklin Cheek Jr Scholarship Fund has awarded 178 individual grants totaling $213,850. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamisha Dixon Board Memb | 1 | $0 | |
Jimmie Jackson Board Memb | 1 | $0 | |
Linda Jennings Board Memb | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $937 |
| Capital Gain Net Income | $937 |
| Net ST Capital Gain | $183 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $186 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67 |
| Total operating and administrative expenses | $2,153 |
| Contributions, gifts, grants paid | $41,850 |
| Total expenses and disbursements | $44,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,550 |
| Savings and temporary cash investments | $0 |
| 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 | $563,958 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $592,508 |
| 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, T Franklin Cheek Jr Scholarship Fund has awarded $41,850 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
TIMOTHY HATHCOCK PURPOSE: COLLEGE EDUCATION | $1,500 |
BRAXTON GUNN PURPOSE: COLLEGE EDUCATION | $1,500 |
EMMA DUNN PURPOSE: COLLEGE EDUCATION | $750 |
SAVANNAH TODD PURPOSE: COLLEGE EDUCATION | $1,500 |
TAYLOR SANDERS PURPOSE: COLLEGE EDUCATION | $1,500 |
KATIE JAY PURPOSE: COLLEGE EDUCATION | $1,500 |