Bonnie L Tipton Scholarship Trust
- Assets
- $105.1k
- Revenue
- $7.8k
- Investments
- $103.0k
- Employees
- 0
- Location
- Cabot, AR
- Founding
- 08/1988
- Data as of
- 09/2022
- EIN
- 71-0655727
Organization Overview
Bonnie L Tipton Scholarship Trust is located in Cabot, AR. The organization was established in 1988. 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. Bonnie L Tipton Scholarship Trust 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 09/2022, Bonnie L Tipton Scholarship Trust generated $7.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $3.5k during the year ending 09/2022. 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
COLLEGE SCHOLARSHIPS WERE PAID ON BEHALF OF 4 STUDENTS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,037 |
| Interest on Savings | $2,713 |
| 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 | $7,750 |
| 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 | $9 |
| Total operating and administrative expenses | $9 |
| Contributions, gifts, grants paid | $3,500 |
| Total expenses and disbursements | $3,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,083 |
| 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 | $103,033 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $105,116 |
| 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, Bonnie L Tipton Scholarship Trust has awarded $3,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CENTRAL ARKANSAS PURPOSE: EDUCATION | $1,000 |
BAYLOR UNIVERSITY PURPOSE: EDUCATION | $1,000 |
ASU - BEEBE PURPOSE: EDUCATION | $500 |
BAPTIST SCHOOL OF NURSING PURPOSE: EDUCATION | $500 |
Searcy, AR PURPOSE: EDUCATION | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bonnie L Tipton Scholarship Trust has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Justgive Inc Weston, CT PURPOSE: General Support | $5,500 |
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 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |