Landon Hays Memorial Scholarship Fund
- Assets
- $560.3k
- Revenue
- $23.6k
- Investments
- $543.5k
- Employees
- 0
- Location
- Ruston, LA
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 27-6301365
Organization Overview
Landon Hays Memorial Scholarship Fund is located in Ruston, LA. The organization was established in 2011. 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. Landon Hays 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 12/2022, Landon Hays Memorial Scholarship Fund generated $23.6k 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 (32.1%) each year. All expenses for the organization totaled $39.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Argent Trust Trustee | 1 | $7,429 | |
Otha Wayne Taylor Director | 1 | $0 | |
Daniel W Newall Director | 1 | $0 | |
Drake D Mills Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,045 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,065 |
| Capital Gain Net Income | $4,065 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,429 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $291 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $965 |
| Total operating and administrative expenses | $9,306 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $39,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,812 |
| 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 | $560,340 |
| 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, Landon Hays Memorial Scholarship Fund has awarded $28,485 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LOUISIANA TECH UNIVERSITY FOUNDATION PURPOSE: EDUCATION/SCHOLARSHIP | $23,485 |
LOUISIANA TECH UNIVERSITY PURPOSE: EDUCATION/SCHOLARSHIP | $2,500 |
NORTHWESTERN STATE UNIVERSITY PURPOSE: EDUCATION/SCHOLARSHIP | $2,500 |