Mason Isd Scholarship Foundation

Organization Overview

Mason Isd Scholarship Foundation is located in Mason, TX. The organization was established in 2014. 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. Mason Isd 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 12/2023, Mason Isd Scholarship Foundation generated $573.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $276.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE AN ORGANIZATION THAT WILL COORDINATE, ENCOURAGE, AND ASSIST EDUCATIONAL FUNCTIONS AND ACTIVITIES BY GRANTING SCHOLARSHIPS IN THE MASON INDEPENDENT SCHOOL DISTRICT, MASON COUNTY, TEXAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2023 THE FOUNDATION AWARDED SCHOLARSHIPS TOTALING $222,695, REPRESENTING 34 SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING FOR THE BENEFIT OF MASON INDEPENDENT SCHOOL DISTRICT GRADUATES. THE MAJORITY OF THE AWARDS WERE FOR $7500. SCHOLARSHIPS WERE AWARDED TO ALL OF THE APPLICANTS,


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Board, Officers & Key Employees

Name (title)Compensation
Chad Lemke
President
$0
Michael Cope
Treasurer
$0
Kathryn Martin
Secretary/misd Board VP
$0
Thomas Canfield
Vice President
$0
Dennis Hill
Director/misd Intm Supt
$0
Glendene Underwood
Director
$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$2,119
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,119
Total Program Service Revenue$0
Investment income $128,027
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $443,505
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $573,651

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