Ray & Vesta Johnson Memorial Scholarship Fund
- Assets
- $240.7k
- Revenue
- $9.5k
- Investments
- $238.6k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1974
- Data as of
- 03/2024
- EIN
- 23-7375893
Organization Overview
Ray & Vesta Johnson Memorial Scholarship Fund is located in Dallas, TX. The organization was established in 1974. 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. Ray & Vesta Johnson Memorial Scholarship Fund 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 03/2024, Ray & Vesta Johnson Memorial Scholarship Fund generated $9.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $16.9k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $4,560 | |
Judge John Strohmaier Committee Member | 2 | $0 | |
Pastor Paul Mcarthur Committee Member | 2 | $0 | |
Supt Shauna Schmerer Committee Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,726 |
| Capital Gain Net Income | $1,726 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,353 |
| Total Revenue | $9,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,560 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $161 |
| Total operating and administrative expenses | $6,882 |
| Contributions, gifts, grants paid | $9,999 |
| Total expenses and disbursements | $16,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,154 |
| 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 | $240,748 |
| 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, Ray & Vesta Johnson Memorial Scholarship Fund has awarded $9,999 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHLOE JENSEN PURPOSE: SCHOLARSHIP | $3,333 |
PRAIRIE PARRISH PURPOSE: SCHOLARSHIP | $3,333 |
KINZIE MCCALL PURPOSE: SCHOLARSHIP | $3,333 |