Neodesha High School Alumni Association Scholarship Fund
- Assets
- $1.4m
- Revenue
- $394.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Neodesha, KS
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 48-1147833
Organization Overview
Neodesha High School Alumni Association Scholarship Fund is located in Neodesha, KS. The organization was established in 1995. 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. Neodesha High School Alumni Association 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, Neodesha High School Alumni Association Scholarship Fund generated $394.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $320.8k during the year ending 12/2022. While expenses have increased by 52.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SCHOLARSHIPS TO GRADUATES OF NEODESHA HIGH SCHOOL. THE STUDENTS APPLY ON AN APPLICATION FORM. THERE ARE NO RESTRICTIONS BASED UPON RACE OR EMPLOYMENT OF A PROSPECTIVE RECIPIENT. TO RECEIVE THE FIRST SEMESTER PAYMENT, RECIPIENTS MUST PROVIDE PROOF OF ENROLLMENT IN AT LEAST 12 HOURS AND PAYMENT OF FEES. IF THE RECIPIENT NEEDS THE GRANT TO PAY ENROLLMENT FEES, THE CHECK MAY BE MADE PAYABLE TO THE SCHOOL. TO RECEIVE THE SECOND SEMESTER PAYMENT, THE SAME INFORMATION PLUS PROOF OF SUCCESSFUL COMPLETION OF PRIOR SEMESTER (COPY OF GRADES SHOWING A MINIMUM OF 2.0 GPA) MUST BE PROVIDED.
THE NEODESHA PROMISE SCHOLARSHIP IS AVAILABLE TO USD 461 GRADUATES MEETING THE FOLLOWING REQUIREMENTS: -CUMULATIVE GPA OF 2.5 OR HIGHER -ACT OF 20 OR HIGHER (BACHELOR'S DEGREE AWARD ONLY) -COMPLETED REQUIRED NUMBER OF COMMUNITY SERVICE HOURS FOR THE GRADUATING CLASS. STUDENTS MUST SUBMIT A PROMISE APPLICATION BY MARCH 1ST OF THEIR GRADUATING YEAR. SCHOLARSHIP APPLICATIONS ARE THEN REVIEWED BY THE NEODESHA PROMISE SCHOLARSHIP COMMITTEE. STUDENTS WILL BE NOTIFIED OF THEIR SCHOLARSHIP AWARD BY MAIL AND EMAIL. THERE ARE NO RESTRICTIONS BASED UPON RACE OR EMPLOYMENT OF A PROSPECTIVE RECIPIENT. STUDENTS MUST SUBMIT THEIR BILLING STATEMENT AND SCHEDULE TO THE NEODESHA PROMISE ADMINISTRATOR PRIOR TO RECEIVING THEIR SCHOLARSHIPS EACH SEMESTER. SCHOLARSHIP CHECKS WILL PAY UP TO TUITION AND MANDATORY FEES AT THE HIGHEST IN-STATE PUBLIC INSTITUTION. STUDENTS RECEIVING THE BACHELOR'S AWARD WILL RECEIVE UP TO 372.00 PER CREDIT HOUR. STUDENTS RECEIVING THE ASSOCIATES/TECHNICAL AWARD WILL RECEIVED UP TO 200.00 PER CREDIT HOUR. PROMISE SCHOLARSHIP CHECKS WILL BE SENT DIRECTLY TO THEIR POST SECONDARY INSTITUTION. TO MAINTAIN THE NEODESHA PROMISE SCHOLARSHIP STUDENTS ARE REQUIRED TO MAINTAIN A GPA OF 2.5 OR HIGHER AT THEIR INSTITUTION OF CHOICE. STUDENTS FALLING BENEATH THE 2.5 GPA FOR TWO SEMESTERS OF THEIR EDUCATION WILL LOSE THEIR SCHOLARSHIP. STUDENTS ARE REQUIRED TO SUBMIT THEIR GRADES FOR THE PREVIOUS SEMESTER PRIOR TO RECEIVING THEIR SCHOLARSHIP AWARD FOR THE NEXT SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Depew President | OfficerTrustee | $0 | |
Marilyn Graham Vice Preside | OfficerTrustee | $0 | |
Randall Small Secretary | OfficerTrustee | $0 | |
Kay Tigner Treasurer | OfficerTrustee | $0 | |
Bobbie Katzer Director | Trustee | $0 | |
Ghendi Essington Director | Trustee | $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 | $387,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,915 |
| Total Program Service Revenue | $0 |
| Investment income | $38,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $254,843 |
| 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 | $38,004 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,557 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,113 |
| Office expenses | $4,789 |
| Information technology | $8,500 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,485 |
| All other expenses | $0 |
| Total functional expenses | $320,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,230 |
| Savings and temporary cash investments | $49,217 |
| 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 | $1,116,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,416,045 |
| 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 | $1,416,045 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,416,045 |