Hope Pierce Tartt Scholarship Fund
- Assets
- $13.0m
- Revenue
- $521.7k
- Investments
- $12.7m
- Employees
- 0
- Location
- Marshall, TX
- Founding
- 04/1979
- Data as of
- 05/2024
- EIN
- 75-6263272
Organization Overview
Hope Pierce Tartt Scholarship Fund is located in Marshall, TX. The organization was established in 1979. 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. Hope Pierce Tartt 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 05/2024, Hope Pierce Tartt Scholarship Fund generated $521.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $981.2k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel D Mcmahon III Trustee | 2 | $9,000 | |
Sam R Moseley Vice Chairman | 2 | $9,000 | |
R Michael Hallum Secretary/treas | 3 | $9,000 | |
Robert L Duvall Chairman | 3 | $9,000 | |
David Luckert Director | 2 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $472,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,338 |
| Capital Gain Net Income | $2,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,528 |
| Total Revenue | $521,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,694 |
| Total operating and administrative expenses | $106,738 |
| Contributions, gifts, grants paid | $874,500 |
| Total expenses and disbursements | $981,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,882 |
| Savings and temporary cash investments | $312,593 |
| 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 | $329,587 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,044,339 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $895,000 |
| 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 | $895,000 |