Knight Scholarship Inc
- Assets
- $0.0
- Revenue
- $224.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- Data as of
- 12/2018
- EIN
- 30-0152906
Organization Overview
Knight Scholarship Inc is located in Lubbock, TX. Knight Scholarship 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 12/2018, Knight Scholarship Inc generated $224.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING SCHOLARSHIPS TO STUDENTS AT INSTITUTIONS OF HIGHER EDUCATION. INDIVIDUAL SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE EDUCATIONAL INSTITUTIONS RATHER THAN BY KNIGHT SCHOLARSHIP, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND SCHOLARSHIPS TO TEXAS TECH UNIVERSITY & SOUTH PLAINS COLLEGE; INDIVIDUAL RECIPIENTS TO BE DETERMINED BY TEXAS TECH UNIVERSITY & SOUTH PLAINS COLLEGE.
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 |
|---|---|---|---|
John C Sims President/sec/dir | 2 | $0 | |
John Owens V. Pres./director | 2 | $0 | |
Randy Wright Treasurer/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,622 |
| Dividends & Interest | $11,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $192,554 |
| Capital Gain Net Income | $192,554 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,091 |
| Total Revenue | $224,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,868 |
| Contributions, gifts, grants paid | $2,628,765 |
| Total expenses and disbursements | $2,631,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 |