Btc Education Foundation Inc is located in Bolivar, MO. 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. Btc Education Foundation 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 12/2023, Btc Education Foundation Inc generated $45.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 73.5% each year . All expenses for the organization totaled $353.0k 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
THE ORGANIZATION MAKES SCHOLARSHIPS AND GRANTS TO INDIVIDUALS FOR EDUCATIONAL PURPOSES AND TO SUPPORT OTHER CHARITABLE ORGANIZATIONS QUALIFIED AS TAX-EXEMPT
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte G Gray President | 2 | $0 | |
William T Gray Vice President | 2 | $0 | |
Kimberly Golden Secretary | 1 | $0 | |
William C Gray Treasurer | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,667 |
| Interest on Savings | $1,499 |
| Dividends & Interest | $7,180 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,854 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,098 |
| Contributions, gifts, grants paid | $348,890 |
| Total expenses and disbursements | $352,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,727 |
| Savings and temporary cash investments | $493 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,220 |
| 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 |
Over the last fiscal year, Btc Education Foundation Inc has awarded $348,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE STATEMENT FOR LIST OF STUDENTS PURPOSE: FINANCIAL ASSISTANCE TO STUDENTS | $13,612 |
TEXAS COUNTY TECHNICAL INSTITUTE PURPOSE: SUPPORT SCHOOL OPERATIONS | $335,278 |