Robert And Mildred Holmes Memorial Scholarship Foundation
- Assets
- $181.9k
- Revenue
- $169.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Gallup, NM
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-4374723
Organization Overview
Robert And Mildred Holmes Memorial Scholarship Foundation is located in Gallup, NM. The organization was established in 2012. 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. Robert And Mildred Holmes Memorial 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, Robert And Mildred Holmes Memorial Scholarship Foundation generated $169.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $92.2k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chonita Holmes President | 25 | $0 | |
George Katsoulakis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $169,000 |
| Interest on Savings | $0 |
| 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 | $169,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $38,195 |
| Printing and publications | $0 |
| Other expenses | $41,690 |
| Total operating and administrative expenses | $82,182 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $92,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,144 |
| 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 | $82,372 |
| Other assets | $93,365 |
| Total assets | $181,881 |
| 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, Robert And Mildred Holmes Memorial Scholarship Foundation has awarded $10,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO STATE UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIP | $1,000 |
EAST TEXAS BAPTIST UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIP | $1,500 |
KANSAS CITY UNIVERSITY ENDOWMENT PURPOSE: EDUCATION SCHOLARSHIP | $1,000 |
GRAYS HARBOR COLLEGE PURPOSE: EDUCATION SCHOLARSHIP | $500 |
NEW MEXICO STATE UNIVERSITY PURPOSE: EDUCATION SCHOLARSHIP | $1,500 |
LUNA COMMUNITY COLLEGE NM PURPOSE: EDUCATION SCHOLARSHIP | $500 |