Elmer Mckenney Scholarship Trust
- Assets
- $226.9k
- Revenue
- $15.6k
- Investments
- $193.2k
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 00/0000
- Data as of
- 07/2024
- EIN
- 75-6319992
Organization Overview
Elmer Mckenney Scholarship Trust is located in Abilene, TX. The organization was established in 0000. 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.
For the year ending 07/2024, Elmer Mckenney Scholarship Trust generated $15.6k 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 (3.4%) each year. All expenses for the organization totaled $17.2k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,743 |
| Net Rental Income | $1,427 |
| Net Gain on Sale of Assets | $3,175 |
| Capital Gain Net Income | $3,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $658 |
| Total Revenue | $15,579 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,218 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $219 |
| Depreciation | $99 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,478 |
| Total operating and administrative expenses | $9,214 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $17,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,695 |
| 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 | $15,930 |
| Investments—mortgage loans | $0 |
| Investments—other | $67,575 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $61 |
| Total assets | $226,882 |
| 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, Elmer Mckenney Scholarship Trust has awarded $8,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LETOURNEAU UNIVERSITY PURPOSE: SCHOLARSHIP | $800 |
MCMURRY UNIVERSITY PURPOSE: SCHOLARSHIP | $800 |
MCMURRY UNIVERSITY PURPOSE: SCHOLARSHIP | $800 |
TARLETON STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $800 |
TEXAS A & M UNIVERSITY CORPUS CHRISTI PURPOSE: SCHOLARSHIP | $800 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIP | $800 |