Grayson C Huffman Memorial Scholarship Fund
- Assets
- $665.4k
- Revenue
- $11.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Troutman, NC
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 47-2584182
Organization Overview
Grayson C Huffman Memorial Scholarship Fund is located in Troutman, NC. The organization was established in 2016. 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. Grayson C Huffman Memorial 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, Grayson C Huffman Memorial Scholarship Fund generated $11.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.0%) each year. All expenses for the organization totaled $61.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Grayson C Huffman Memorial Scholarship Fund has awarded 38 individual grants totaling $262,113. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mackenzie L Huffman Director | 0 | $0 | |
Barbara L Huffman Director | 0 | $0 | |
Charles C Huffman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,500 |
| Interest on Savings | $6 |
| Dividends & Interest | $18,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,217 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$217 |
| Total Revenue | $10,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,271 |
| Contributions, gifts, grants paid | $57,500 |
| Total expenses and disbursements | $61,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,315 |
| 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 | $0 |
| Other assets | $635,131 |
| Total assets | $665,446 |
| 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, Grayson C Huffman Memorial Scholarship Fund has awarded $57,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BAGS OF HOPE PURPOSE: GENERAL SUPPORT | $5,000 |
BSCF CO ANCHOR INITIATIVE PURPOSE: GENERAL SUPPORT | $7,500 |
BETHEL MEN'S SHELTER PURPOSE: GENERAL SUPPORT | $10,000 |
BUILDING BOYS TO MEN PURPOSE: GENERAL SUPPORT | $15,000 |
BEDS FOR KIDS PURPOSE: GENERAL SUPPORT | $5,000 |
BIT OF HOPE PURPOSE: GENERAL SUPPORT | $5,000 |