Tbk Scholarship Foundation
- Assets
- $127.0k
- Revenue
- $21.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Arden, NC
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 30-0962878
Organization Overview
Tbk Scholarship Foundation is located in Arden, NC. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tbk Scholarship Foundation 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, Tbk Scholarship Foundation generated $21.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.3% each year . All expenses for the organization totaled $13.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
JERUSALEM GARCIA - STUDENT AT BENEDICTINE COLLEGE - SCHOOL EXPENSES AND TUITION
UNBOUND - AL JOHN LOUIS - STUDENT ASSISTANCE
UNBOUND - DENNIS MBUGUA - STUDENT ASSISTANCE
UNBOUND - RONDAL - STUDENT ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas B Knost Pres Sec | 10 | $0 | |
Simeon Willis V Pres | 10 | $0 | |
Robert Maffeo Treas | 10 | $0 | |
Greg Bechtel Tech Consultant | 7 | $0 | |
James E Kincaid III Business Consultant | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,127 |
| Interest on Savings | $158 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,285 |
| 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 | $809 |
| Other expenses | $0 |
| Total operating and administrative expenses | $809 |
| Contributions, gifts, grants paid | $13,115 |
| Total expenses and disbursements | $13,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,947 |
| Savings and temporary cash investments | $100,024 |
| 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 | $126,971 |
| 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, Tbk Scholarship Foundation has awarded $13,115 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JERUSALEM GARCIA PURPOSE: TUITION AND EXPENSES | $11,675 |
UNBOUND PURPOSE: PROVIDE EDUCATIONAL ASSISTANCE TO THREE STUDENTS | $1,440 |