Trans-Mississippi Turf Scholarship Fund
- Assets
- $1.9m
- Revenue
- $190.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 74-6060430
Organization Overview
Trans-Mississippi Turf Scholarship Fund is located in Dallas, TX. The organization was established in 1964. 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. Trans-Mississippi Turf 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 12/2021, Trans-Mississippi Turf Scholarship Fund generated $190.1k 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 (10.1%) each year. All expenses for the organization totaled $193.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Trans-Mississippi Turf Scholarship Fund has awarded 36 individual grants totaling $214,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE STUDY OF HORTICULTURE AND AGRONOMY AS IT PERTAINS TO GOLF COURSE MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR OVER 50 YEARS THE TRANS-MISS SCHOLARSHIP FUND HAS SUPPORTED MEN AND WOMEN PURSUING CAREERS IN TURF MANAGEMENT. THE CLUB TURF INTERNSHIP PROGRAM HAS BECOME AN INTEGRAL PART OF THE PROMOTION OF ASPIRING AGRONOMY STUDENTS AS STUDENTS INTERN AT SOME OF THE TOP CLUBS IN THE COUNTRY GAINING HANDS ON EXPERIENCE FROM SOME OF THE INDUSTRY'S MOST RESPECTED SUPERINTENDENTS AT SOME OF THE COUNTRY'S FINEST GOLF COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mcdonald III President | OfficerTrustee | 2 | $0 |
John Mcclure Secretary | OfficerTrustee | 1 | $0 |
John Goode Scholarship Chair | OfficerTrustee | 1 | $0 |
Mike Mccoy Vice President/championshi | OfficerTrustee | 2 | $0 |
Carl Horsch Jr Treasurer/finance Chair | OfficerTrustee | 1 | $0 |
Marty Searcy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,482 |
| Total Program Service Revenue | $0 |
| Investment income | $49,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,196 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,000 |
| Grants and other assistance to domestic individuals. | $62,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,386 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $329 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,552 |
| Total functional expenses | $193,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $57,127 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,796,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,918,493 |
| Accounts payable and accrued expenses | $62,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,500 |
| Net assets without donor restrictions | $1,855,993 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,918,493 |
Grants Awarded
Over the last fiscal year, Trans-Mississippi Turf Scholarship Fund has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VBC ANERA SPORTS LLC PURPOSE: GENERAL SUPPORT | $7,500 |
Fairfax, CA PURPOSE: GENERAL SUPPORT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trans-Mississippi Turf Scholarship Fund has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Strauss Family Foundation Greenwood Village, CO PURPOSE: CHARITABLE PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
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 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |