Bettye Reed Scholarship Foundation Inc
- Assets
- $340.1k
- Revenue
- $48.2k
- Investments
- $281.0k
- Employees
- 0
- Location
- Rome, GA
- Founding
- 10/2005
- Data as of
- 12/2020
- EIN
- 20-1692503
Organization Overview
Bettye Reed Scholarship Foundation Inc is located in Rome, GA. The organization was established in 2005. 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. Bettye Reed Scholarship 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 12/2020, Bettye Reed Scholarship Foundation Inc generated $48.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $21.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert T Masters Secretary/tr | 1 | $0 | |
Richard J Inmon Jr Vice Preside | 1 | $0 | |
Roger L Mitchell President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,818 |
| Capital Gain Net Income | $4,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,945 |
| Total operating and administrative expenses | $10,615 |
| Contributions, gifts, grants paid | $10,650 |
| Total expenses and disbursements | $21,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,170 |
| 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 | $340,121 |
| Accounts payable and accrued expenses | $25,283 |
| 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 | $25,283 |
Grants Awarded
Over the last fiscal year, Bettye Reed Scholarship Foundation Inc has awarded $10,650 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Rome, GA PURPOSE: SCHOLARSHIPS | $3,650 |
RALEIGH MITCHELL PURPOSE: SCHOLARSHIP | $3,500 |
SAM MITCHELL PURPOSE: SCHOLARSHIP | $3,500 |
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|---|---|---|
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Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |