Alton E & Thelma Mccartney Scholarship Tr
- Assets
- $3.6m
- Revenue
- $145.5k
- Investments
- $3.2m
- Employees
- 0
- Location
- Newport, AR
- Founding
- 03/1996
- Data as of
- 12/2021
- 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 12/2021, Alton E & Thelma Mccartney Scholarship Tr generated $145.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $316.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alton E & Thelma Mccartney Scholarship Tr has awarded 24 individual grants totaling $1,479,920. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS- 108 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 | $337 |
| Dividends & Interest | $133,455 |
| Net Rental Income | -$8,326 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $46,159 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,738 |
| Total Revenue | $145,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,097 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,326 |
| Total operating and administrative expenses | $48,753 |
| Contributions, gifts, grants paid | $267,372 |
| Total expenses and disbursements | $316,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $210,501 |
| 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 | $96,517 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $311 |
| Total assets | $3,570,579 |
| 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 $267,372 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LISTING PURPOSE: SEE LISTING | $169,300 |
Newport, AR PURPOSE: EDUCATIONAL CHARITY | $96,072 |
HOLDEN AVENUE CHURCH OF CHRIST PURPOSE: RELIGIOUS CAUSE | $1,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: RELIGIOUS CAUSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |