Bruceville-Eddy Ex Student Assn
- Assets
- $1.2m
- Revenue
- $89.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Eddy, TX
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-1526711
Organization Overview
Bruceville-Eddy Ex Student Assn is located in Eddy, TX. The organization was established in 2018. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Bruceville-Eddy Ex Student Assn 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 12/2023, Bruceville-Eddy Ex Student Assn generated $89.0k 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 (40.9%) each year. All expenses for the organization totaled $104.5k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS FOR GRADUATING BRUCEVILLE-EDDY HIGH SCHOOL SENIORS. DURING 2023, SCHOLARSHIPS WERE AWARDED IN THE AMOUNT OF $85,422.02 AND PAID OUT $30,005.02.
PROVIDE GRANTS TO BRUCEVILLE-EDDY HIGH SCHOOL TEACHERS. DURING 2023, SEVERAL GRANTS WERE AWARDED AND PAID IN THE AMOUNT OF $4,290.27.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Grisham President | 1 | $0 | |
Glenda Wheeler Secretary | 1 | $0 | |
Patsy Duty Treasurer | 1 | $0 | |
Linda Roming Board Member | 1 | $0 | |
Anthony Duty Board Member | 1 | $0 | |
Ginger Romig Scholarship Committee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,260 |
| Interest on Savings | $3,121 |
| Dividends & Interest | $42,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,383 |
| Capital Gain Net Income | $38,383 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $966 |
| Total operating and administrative expenses | $14,778 |
| Contributions, gifts, grants paid | $89,710 |
| Total expenses and disbursements | $104,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,342 |
| Savings and temporary cash investments | $38,781 |
| 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 | $1,129,084 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $669 |
| Total assets | $1,184,876 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $77,913 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $995 |
| Total liabilities | $78,908 |
Grants Awarded
Over the last fiscal year, Bruceville-Eddy Ex Student Assn has awarded $85,036 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BRUCEVILLE-EDDY HIGH SCHOOL 2020 SENIORS PURPOSE: 2020 SCHOLARSHIPS PAID IN 2023 | $5,005 |
BRUCEVILLE-EDDY HIGH SCHOOL 2022 SENIORS PURPOSE: 2022 SCHOLARSHIPS PAID IN 2023 | $26,252 |
BRUCEVILLE-EDDY HIGH SCHOOL 2023 SE PURPOSE: AWARDING OF 6 SCHOLARSHIPS FOR $85,422.02. OF THIS AMOUNT $30,005.02 WAS PAID IN 2023. | $30,005 |
BRUCEVILLE-EDDY HIGH SCHOOL 2021 SE PURPOSE: 2021 SCHOLARSHIPS PAID IN 2023 | $23,774 |