Alton E & Thelma Mccartney Scholarship Tr
- Assets
- $3.4m
- Revenue
- $169.5k
- Investments
- $3.2m
- Employees
- 0
- Location
- Newport, AR
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 71-6152969
Organization Overview
Alton E & Thelma Mccartney Scholarship Tr is located in Newport, AR. The organization was established in 1996. 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. Alton E & Thelma Mccartney Scholarship Tr 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 12/2022, Alton E & Thelma Mccartney Scholarship Tr generated $169.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $378.1k during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 7 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 2016, Alton E & Thelma Mccartney Scholarship Tr has awarded 28 individual grants totaling $1,713,236. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS- 110 INDIVIDUALS (LISTING OF COLLEGES ATTACHED)
LOCAL CHURCHES- 2 CHURCHES
NORTHEAST ARKANSAS HIGHER EDUCATION CHARITABLE FOUNDATION, INC.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $197 |
| Dividends & Interest | $147,005 |
| Net Rental Income | -$7,747 |
| 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 | $12,129 |
| Total Revenue | $169,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,476 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,654 |
| Total operating and administrative expenses | $97,093 |
| Contributions, gifts, grants paid | $280,980 |
| Total expenses and disbursements | $378,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,150 |
| 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 | $119,007 |
| Investments—mortgage loans | $0 |
| Investments—other | $87,139 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $311 |
| Total assets | $3,362,411 |
| 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, Alton E & Thelma Mccartney Scholarship Tr has awarded $280,980 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LISTING PURPOSE: SEE LISTING | $171,400 |
HOLDEN AVENUE CHURCH OF CHRIST PURPOSE: RELIGIOUS CAUSE | $1,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: RELIGIOUS CAUSE | $1,000 |
NORTHEAST ARKANSAS CHARITABLE FOUNDATION INC PURPOSE: EDUCATIONAL CHARITY | $107,580 |