Donald R Ray & Betty M Ray College Scholarship Fund Charitable Tr
- Assets
- $4.3m
- Revenue
- $231.5k
- Investments
- $3.9m
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- Data as of
- 12/2021
- EIN
- 85-6284698
Organization Overview
Donald R Ray & Betty M Ray College Scholarship Fund Charitable Tr is located in Hutchinson, KS. 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. Donald R Ray & Betty M Ray College Scholarship Fund Charitable Tr 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 12/2021, Donald R Ray & Betty M Ray College Scholarship Fund Charitable Tr generated $231.5k in total revenue. All expenses for the organization totaled $98.3k during the year ending 12/2021.
Since 2020, Donald R Ray & Betty M Ray College Scholarship Fund Charitable Tr has awarded 11 individual grants totaling $103,038. 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 | $82,265 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $149,256 |
| Capital Gain Net Income | $149,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $231,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,866 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,705 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,311 |
| Contributions, gifts, grants paid | $79,024 |
| Total expenses and disbursements | $98,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,858 |
| Savings and temporary cash investments | $353,162 |
| 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 | $1,987,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,261,746 |
| 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, Donald R Ray & Betty M Ray College Scholarship Fund Charitable Tr has awarded $79,024 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMPLAIN COLLEGE PURPOSE: SCHOLARSHIPS FOR VARIOUS STUDENTS | $30,383 |
UNIVERSITY OF KANSAS PURPOSE: SCHOLARSHIPS FOR VARIOUS STUDENTS | $25,424 |
Warrensburg, MO PURPOSE: SCHOLARSHIPS FOR VARIOUS STUDENTS | $12,943 |
CARSON STREET TOWERS PURPOSE: SCHOLARSHIP | $4,485 |
Overland Park, KS PURPOSE: SCHOLARSHIPS FOR VARIOUS STUDENTS | $2,987 |
EMMA SABINE PURPOSE: SCHOLARSHIP | $1,672 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |
Colorado Restaurant Association Education Fund Denver, CO | $2,210,454 | $2,452,590 |
Horizon Academy Roeland Park, KS | $4,054,986 | $3,713,037 |
Opportunity Scholarship Fund Tulsa, OK | $5,174,750 | $3,830,206 |
The Hawks Foundation Omaha, NE | $219,357,783 | $65,081,612 |
Childrens Scholarship Fund Of Omaha Omaha, NE | $2,892,431 | $2,351,847 |
Adams State University Foundation Inc Alamosa, CO | $27,757,984 | $4,294,888 |