Bobby Scruggs Charitable Foundation
- Assets
- $17.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, VA
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 26-0792550
Organization Overview
Bobby Scruggs Charitable Foundation is located in New Castle, VA. The organization was established in 2007. 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. Bobby Scruggs Charitable 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 12/2023, Bobby Scruggs Charitable Foundation generated $2.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $3.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL SCHOLARSHIPS
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 |
|---|---|---|---|
Dr Jackie R Scruggs Taylor President | 1 | $0 | |
Coy Renick Treasurer | 1 | $0 | |
Donna Smith Secretary | 1 | $0 | |
Clay Highberger Board Member | 1 | $0 | |
Joe Bass Board Member | 1 | $0 | |
James D Scruggs Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,112 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $615 |
| Gain or Loss | $878 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,605 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $85 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,000 |
| Total expenses | $3,085 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,130 |
| Other assets | $0 |
| Total assets | $17,130 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,130 |