Jimmie L Dean Scholarship Foundation Inc
- Assets
- $1.7m
- Revenue
- $192.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Owasso, OK
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-3831651
Organization Overview
Jimmie L Dean Scholarship Foundation Inc is located in Owasso, OK. The organization was established in 2009. 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. Jimmie L Dean 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 12/2023, Jimmie L Dean Scholarship Foundation Inc generated $192.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $159.9k during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 8 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 2016, Jimmie L Dean Scholarship Foundation Inc has awarded 236 individual grants totaling $856,213. 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 |
|---|---|---|---|
Robert Boyd Chariman/president | 5 | $45,000 | |
Charles A Bacher Secretary/director | 1 | $0 | |
W Dennis Wing Director | 1 | $0 | |
Eddie W Miller Director | 1 | $0 | |
Brian E Treat Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,776 |
| Interest on Savings | $10,449 |
| Dividends & Interest | $45,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,076 |
| Capital Gain Net Income | $126,076 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $192,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,119 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $65,846 |
| Contributions, gifts, grants paid | $94,046 |
| Total expenses and disbursements | $159,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $395,978 |
| 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 | $1,342,176 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,738,153 |
| 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, Jimmie L Dean Scholarship Foundation Inc has awarded $94,046 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALLISON DREYER PURPOSE: SCHOLARSHIP | $2,815 |
COLE VAUGHN PURPOSE: SCHOLARSHIP | $2,500 |
CHLOE BALL MCKNIGHT PURPOSE: SCHOLARSHIP | $7,039 |
CONNOR RICE PURPOSE: SCHOLARSHIP | $2,500 |
ETHAN WILLINGHAM PURPOSE: SCHOLARSHIP | $2,968 |
CAMERON EISCHEN PURPOSE: SCHOLARSHIP | $8,363 |