Minnie Patton Scholarship Foundation
- Assets
- $0.0
- Revenue
- $2.4m
- Investments
- $7.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2010
- Data as of
- 01/2022
- EIN
- 75-6318876
Organization Overview
Minnie Patton Scholarship Foundation is located in Dallas, TX. The organization was established in 2010. 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. Minnie Patton 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 01/2022, Minnie Patton Scholarship Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $722.2k during the year ending 01/2022. While expenses have increased by 33.6% per year over the past 3 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 2022, Minnie Patton Scholarship Foundation has awarded 18 individual grants totaling $1,584,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $148,966 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,035,732 |
| Total Revenue | $2,423,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $139,384 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $287,171 |
| Contributions, gifts, grants paid | $435,000 |
| Total expenses and disbursements | $722,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $1 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Minnie Patton Scholarship Foundation has awarded $690,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS COUNTY COMMUNITY COLLEGE DISTRICT PURPOSE: FUNDING FOR STUDENT | $115,000 |
PAUL QUINN COLLEGE PURPOSE: FUNDING FOR STUDENT | $115,000 |
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: FUNDING FOR STUDENT | $115,000 |
SOUTHERN METHODIST UNIVERSITY PURPOSE: FUNDING FOR STUDENT | $115,000 |
UNIVERSITY OF DALLAS PURPOSE: FUNDING FOR STUDENT | $115,000 |
DALLAS BAPTIST UNIVERSITY PURPOSE: FUNDING FOR STUDENT | $115,000 |