Eugene Mcdermott Scholars Program Alumni Association
- Assets
- $1.1m
- Revenue
- $72.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2012
- Data as of
- 12/2020
- EIN
- 45-4669259
Organization Overview
Eugene Mcdermott Scholars Program Alumni Association is located in Dallas, TX. The organization was established in 2012. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Eugene Mcdermott Scholars Program Alumni Association 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 12/2020, Eugene Mcdermott Scholars Program Alumni Association generated $72.2k 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 (48.5%) each year. All expenses for the organization totaled $63.6k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE ASSOCIATION ARE (A) TO IMPROVE THE QUALITY OF STUDENT EXPERIENCE BY MENTORING & EMPOWERING FUTURE GENERATIONS OF SCHOLARS (B)TO PROVIDE COMMUNITY & DIRECTION BY ADVISING THE EUGENE MCDERMOTT SCHOLARS PROGRAM, AND (C) TO CONTRIBUTE, IN COLLABORATION WITH THE UNIVERSITY OF TEXAS AT DALLAS'S ALUMNI ASSOCIATION, TO THE PROGRESS & DEVELOPMENT OF THE UNIVERSITY OF TEXAS AT DALLAS & THE GREATER DALLAS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EMSPAA'S LARGEST GRANT FOR 2020 WAS TO THE CROW MUSEUM OF ASIAN ART AT THE UNIVERSITY OF TEXAS AT DALLAS(UTD). THE GRANT WAS IN SUPPORT OF THE CROW MUSEUM OF ASIAN ART'S MISSION TO INSPIRE AND PROMOTE LEARNING AND DIALOGUE ABOUT THE ARTS AND CULTURES OF ASIA THROUGH THEIR EXHIBITIONS, THE RESEARCH AND PRESERVATION OF THEIR COLLECTIONS, ARTISTIC AND EDUCATIONAL PROGRAMMING, AND VISITOR EXPERIENCE AND ENGAGEMENT.
THE EMSPAA MADE A PAYMENT TO GENESIS WOMEN'S SHELTER AND SUPPORT, DALLAS, TX. THEIR MISSION IS TO PROVIDE SAFETY, SHELTER AND SUPPORT FOR WOMEN AND CHILDREN WHO HAVE EXPERIENCED DOMESTIC VIOLENCE, AND TO RAISE AWARENESS REGARDING ITS CAUSE, PREVALENCE AND IMPACT.
THE EMSPAA DONATED TO THE UNIVERSITY OF TEXAS AT DALLAS(UTD) TO HELP FUND ITS STUDENT EMERGENCY FINANCIAL ASSISTANCE PROGRAM. THIS PROGRAM HELPS STUDENTS WITH UNANTICIPATED EXPENSES THAT, IF NOT ADDRESSED, COULD PROHIBIT THEM FROM REMAINING ENROLLED AND PERSISTING TOWARD GRADUATION AT UTD.
COMMUNITY SERVICE AND BEAUTIFICATION PROJECTS ON THE UT DALLAS CAMPUS AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benedict Voit President/director | OfficerTrustee | 5 | $0 |
Cheng Lee Treasurer/finance & Invest | OfficerTrustee | 1 | $0 |
Abhi Raj Secretary/director | OfficerTrustee | 1 | $0 |
Ryan Marcotte Secretary/director | OfficerTrustee | 1 | $0 |
Siddharth Sant VP Development | Trustee | 2.5 | $0 |
Grace Topete Programs & Events Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,854 |
| Total Program Service Revenue | $0 |
| Investment income | $17,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,190 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,546 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,945 |
| Fees for services: Accounting | $1,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,198 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,318 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $92 |
| Total functional expenses | $63,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,804 |
| Savings and temporary cash investments | $56,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,012,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,076,268 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,076,268 |
| Total liabilities and net assets/fund balances | $1,076,268 |
Grants Awarded
Over the last fiscal year, Eugene Mcdermott Scholars Program Alumni Association has awarded $28,523 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CROW MUSEUM OF ASIAN ART-CROW FAMILY FOUNDATION INC-UNIVERSITY OF TX DALLAS Org PageRecipient ProfileDallas, TX PURPOSE: TO CELEBRATE THE ARTS AND CULTURES OF ASIA | $20,000 |
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: STUDENT EMERGENCY FINANCIAL ASSISTANCE PROGRAM | $8,523 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Eugene Mcdermott Scholars Program Alumni Association has recieved totaling $403.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $378 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |
Osteopathic Medical Education Consortium Of Oklahoma Inc Tulsa, OK | $3,495,258 | $6,319,915 |
Yellowstone Academy Inc Houston, TX | $16,392,464 | $16,744,043 |
Houston Community College Foundation Houston, TX | $19,733,211 | $7,332,146 |
Houston Independent School District Foundation Houston, TX | $7,123,064 | $5,838,395 |
Sandia Foundation Albuquerque, NM | $101,924,097 | $6,126,551 |