Covington-Douglas Scholarship Foundation
- Assets
- $661.8k
- Revenue
- $94.3k
- Investments
- $614.1k
- Employees
- 0
- Location
- Enid, OK
- Founding
- 04/1975
- Data as of
- 12/2022
- EIN
- 23-7426494
Organization Overview
Covington-Douglas Scholarship Foundation is located in Enid, OK. The organization was established in 1975. 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. Covington-Douglas Scholarship Foundation 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 12/2022, Covington-Douglas Scholarship Foundation generated $94.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $41.7k during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Covington-Douglas Scholarship Foundation has awarded 117 individual grants totaling $230,499. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Felix Trust Officer Selection Committee | 0 | $0 | |
Darren Sharpe Selection Committee | 0 | $0 | |
Stride Bank Na Trustee | 0 | $0 | |
Sharla Sharpe Selection Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $558 |
| Dividends & Interest | $16,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,952 |
| Capital Gain Net Income | $76,952 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $30 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,367 |
| Contributions, gifts, grants paid | $32,337 |
| Total expenses and disbursements | $41,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,715 |
| 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 | $516,591 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2 |
| Total assets | $661,805 |
| 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, Covington-Douglas Scholarship Foundation has awarded $82,337 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
COVINGTON DOUGLAS SCHOOL FOUNDATION PURPOSE: EDUCATION (TEACHER GRANTS AND SUPPLIES) | $10,337 |
NATALIE CHARTIER PURPOSE: SCHOLARSHIP | $3,000 |
PAIGE TAYLOR PURPOSE: SCHOLARSHIP | $3,000 |
ALEXIS LOVELL PURPOSE: SCHOLARSHIP | $3,000 |
ELLIE GARCIA PURPOSE: SCHOLARSHIP | $3,000 |
ASHTON CASSODY PURPOSE: SCHOLARSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |