Kerfoot Scholarship Foundation
- Assets
- $1.6m
- Revenue
- $55.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 07/2006
- Data as of
- 12/2022
- EIN
- 75-6268622
Organization Overview
Kerfoot Scholarship Foundation is located in Las Vegas, NV. The organization was established in 2006. 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. Kerfoot Scholarship Foundation 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, Kerfoot Scholarship Foundation generated $55.4k 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 (12.2%) each year. All expenses for the organization totaled $69.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 5 years. 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 |
|---|---|---|---|
L D Byrd Secretary | 2 | $0 | |
Lynn Gravley Vice Pres | 2 | $0 | |
Barry Harris Board Member | 1 | $0 | |
Ron Box Board Member | 1 | $0 | |
Roger Streetman Board Member | 1 | $0 | |
Rusty Arrington Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,091 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,353 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,713 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22 |
| Total operating and administrative expenses | $26,123 |
| Contributions, gifts, grants paid | $43,800 |
| Total expenses and disbursements | $69,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$16,338 |
| Savings and temporary cash investments | $88,818 |
| 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 | $1,139,523 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,570,745 |
| 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, Kerfoot Scholarship Foundation has awarded $53,800 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
TAYLOR HOWARD CO UNIVERSITY OF ARKANSAS PURPOSE: SCHOLARSHIP | $800 |
BRIAN AVENDANO CO MASSACHUSETTS PURPOSE: SCHOLARSHIP | $400 |
ALYSSA JARRELL CO TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIP | $800 |
CLAY LEMONS CO ARIZONA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $400 |
CAMRYN MACDONALD CO UNIVERSITY OF TEXAS PURPOSE: SCHOLARSHIP | $800 |
KENNON MAGERS CO AUSTIN COLLEGE PURPOSE: SCHOLARSHIP | $800 |