Vulcan Scholarships Inc
- Assets
- $162.1k
- Revenue
- $436.0
- Investments
- $0.0
- Employees
- 0
- Location
- Foley, AL
- Founding
- 02/1985
- Data as of
- 10/2023
- EIN
- 63-0887786
Organization Overview
Vulcan Scholarships Inc is located in Foley, AL. The organization was established in 1985. 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. Vulcan Scholarships Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Vulcan Scholarships Inc has awarded 111 individual grants totaling $144,286. 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
PROVIDE COLLEGE TUITION FOR QUALIFYING STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Wolfe Director | 0.5 | $0 | |
Jim Morris Chairman | 0.5 | $0 | |
Will Rice Secretary/tr | 0.5 | $0 | |
Nick Mitchell Director | 0.5 | $0 | |
Daniel Thompson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $436 |
| 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 | $436 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $244 |
| Total operating and administrative expenses | $244 |
| Contributions, gifts, grants paid | $19,950 |
| Total expenses and disbursements | $20,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $162,052 |
| 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 | $162,052 |
| 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, Vulcan Scholarships Inc has awarded $19,950 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BHUMIBEN PATEL PURPOSE: ACADEMIC SCHOLARSHIP | $1,500 |
BENNETT REETZ PURPOSE: ACADEMIC SCHOLARSHIP | $1,500 |
KEVIN ELLIS PURPOSE: ACADEMIC SCHOLARSHIP | $1,050 |
GRACE JAMES PURPOSE: ACADEMIC SCHOLARSHIP | $750 |
COLE SMITH PURPOSE: ACADEMIC SCHOLARSHIP | $1,500 |
DEVIN SPIVEY PURPOSE: ACADEMIC SCHOLARSHIP | $750 |