Vrc Educational And Scholarship Program
- Assets
- $278.2k
- Revenue
- $209.8k
- Investments
- $278.2k
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 30-0162334
Organization Overview
Vrc Educational And Scholarship Program is located in Shreveport, LA. The organization was established in 2003. 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. Vrc Educational And Scholarship Program 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 12/2021, Vrc Educational And Scholarship Program generated $209.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.3% each year . All expenses for the organization totaled $4.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
VRC WAS ESTABLISHED TO PROVIDE SCHOLARSHIPS, GRANTS, AND OTHER FINANCIAL SUPPORT TO STUDENTS ATTENDING PUBLIC HISTORICALLY BLACK COLLEGE AND UNIVERSITY IN THE STATE OF LOUISIANA. VRC IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Velma J Kirksey-Tarver President | 0 | $0 | |
Sam Gilliam Board Member | 0 | $0 | |
Rebekah Tarver Board Member | 0 | $0 | |
Lauren Tarver Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $203,499 |
| Capital Gain Net Income | $203,499 |
| Net ST Capital Gain | $163,172 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,663 |
| Total Revenue | $209,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,732 |
| Total operating and administrative expenses | $4,455 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,455 |
| 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 | $278,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $278,167 |
| 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, Vrc Educational And Scholarship Program has awarded $5,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SUSLA PURPOSE: DONATION | $1,000 |
GRAMBLING STATE UNIVERSITY PURPOSE: DONATION | $500 |
BPCC PURPOSE: DONATION | $500 |
ULM PURPOSE: DONATION | $500 |
SUSLA PURPOSE: DONATION | $500 |
New Orleans, LA PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
Paul K Richter Memorial Fund Dallas, TX | $55,067,280 | -$1,459,022 |
Brcc Facilities Corporation Baton Rouge, LA | $47,760,076 | $5,108,648 |