Tubb-Lancaster Academic Scholarship Fund
- Assets
- $369.1k
- Revenue
- $21.3k
- Investments
- $343.5k
- Employees
- 0
- Location
- Carthage, TN
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 46-6353249
Organization Overview
Tubb-Lancaster Academic Scholarship Fund is located in Carthage, TN. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Tubb-Lancaster Academic Scholarship Fund 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, Tubb-Lancaster Academic Scholarship Fund generated $21.3k in total revenue. All expenses for the organization totaled $26.3k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 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.
Since 2016, Tubb-Lancaster Academic Scholarship Fund has awarded 21 individual grants totaling $124,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS PROVIDED FOR STUDENTS AT EDUCATION INSTITUTIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $27,483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,190 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,304 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $31 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,275 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $26,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,231 |
| Savings and temporary cash investments | $5,389 |
| 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 | $2 |
| Total assets | $369,076 |
| 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, Tubb-Lancaster Academic Scholarship Fund has awarded $24,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TENNESSEE TECHNOLOGICAL UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP FOR STUDENT | $4,000 |
UNIVERSITY OF TENNESSEE PURPOSE: EDUCATIONAL SCHOLARSHIP FOR STUDENT | $8,000 |
CUMBERLAND UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP FOR STUDENT | $4,000 |
EAST TENNESSEE STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP FOR STUDENT | $4,000 |
MIDDLE TENNESSEE STATE UNIVERSITY PURPOSE: EDUCATIONAL SCHOLARSHIP FOR STUDENT | $4,000 |