Four Rivers Scholarship Fund Inc
- Assets
- $12.9k
- Revenue
- $115.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fulton, KY
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 27-2822912
Organization Overview
Four Rivers Scholarship Fund Inc is located in Fulton, KY. The organization was established in 2013. 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. Four Rivers Scholarship Fund 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 12/2022, Four Rivers Scholarship Fund Inc generated $115.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $125.0k during the year ending 12/2022. While expenses have increased by 4.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE KY RIVER COUNTIES OF FULTON, HICKMAN, CARLISLE AND BALLARD HIGH SCHOOLS WITH COLLEGE CREDIT COURSES AVAILABLE TO ALL STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOARD VOTED IN NOVEMBER 2022 AT THEIR ANNUAL BOARD MEETING TO ADOPT FOUR FOCUS AREAS FOR THE FOUNDATION. THEY ARE FAITH, FLUENCY, FITNESS, AND FUTURE.FAITH IS OUR FCA CLUBS WHICH ARE NOW ACTIVE AGAIN IN THE SIX HIGH SCHOOLS. THE FOUNDATION GAVE A DONATION TO EACH CLUB AND IS SPONSORING A FIELDS OF FAITH ON FEBRUARY 25TH. IN OUR FLUENCY PROGRAM, DIRECTOR DIANNE OWEN WORKED WITH TWO OF THE BOARD MEMBERSJUDGE KENNY WILSON AND JUDGE TODD COOPERTO ASK THE JUDGES TO HELP SPONSOR THE KY IMAGINATION LIBRARY IN HC, BC, AND CC WHICH WAS DONE. CCS JUDGE TERRY HELPED HIS COUNTY. LC AND FC HAVE PROGRAMS AS WELL THAT ALREADY EXISTED.CHILDREN BIRTH TO PRESCHOOL GET FREE BOOKS SENT TO THEIR HOME EVERY MONTH. WE ALSO STARTED OUR INTERVENTION PROGRAM AT FULTON COUNTY WHERE WE PURCHASED SONDAY SYSTEM KITS AND TRAINED SCHOOL PERSONNEL ON HOW TO PROVIDE READING INTERVENTIONS TO STUDENTS WHO ARE STRUGGLING READERS. WE WILL EXPAND THIS PROGRAM THROUGHOUT THE OTHER SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Sullivan Chairman | OfficerTrustee | 1 | $0 |
Josh Bailey Treasurer | OfficerTrustee | 2 | $0 |
Jay Simmons Secretary | OfficerTrustee | 1 | $0 |
Brenda Mahan Vice Chairman | OfficerTrustee | 1 | $0 |
Chuck Murphy Director | Trustee | 1 | $0 |
Marty Nichols Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,098 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,098 |
| Total Program Service Revenue | $0 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,207 |
| Total functional expenses | $125,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,868 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $12,868 |
| Total liabilities and net assets/fund balances | $12,868 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Four Rivers Scholarship Fund Inc has recieved totaling $80.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |