Linda Lorelle Scholarship Fund Inc
- Assets
- $129.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 76-0534967
Organization Overview
Linda Lorelle Scholarship Fund Inc is located in Houston, TX. The organization was established in 1997. 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. Linda Lorelle Scholarship Fund Inc 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 06/2022, Linda Lorelle Scholarship Fund Inc generated $52.3k 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 (8.3%) each year. All expenses for the organization totaled $20.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (24.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NO AWARDED SCHOLARSHIP IN YEAR END 06/30/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Lorelle Chairman | 3.75 | $0 | |
Lou Gregory Vice-Chairman | 2.5 | $0 | |
Richard Hendee President | 2.5 | $0 | |
Estefinie Cantu Director | 0.25 | $0 | |
Denise Middleton Director | 0.25 | $0 | |
Britney Winters Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,073 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $241 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,314 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,641 |
| Occupancy, rent, utilities, and maintenance | $8,582 |
| Printing, publications, postage, and shipping | $100 |
| Other expenses | $7,560 |
| Total expenses | $20,883 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,634 |
| Other assets | $0 |
| Total assets | $129,634 |
| Total liabilities | $70,691 |
| Net assets or fund balances | $58,943 |