Carroll Scholarship Foundation Inc

Organization Overview

Carroll Scholarship Foundation Inc is located in Hillsville, VA. The organization was established in 2004. 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. Carroll Scholarship Foundation Inc 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 07/2024, Carroll Scholarship Foundation Inc generated $216.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $53.0k during the year ending 07/2024. While expenses have increased by 4.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

FINANCIAL ASSISTANCE WITH EDUCATIONAL NEEDS OF LOCAL STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS AMOUNT IS THE DIRECT ASSISTANCE TO STUDENTS IN THE FORM OF SCHOLARSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
Strader Blankenship
Director
$0
Kay Carter
Director
$0
Dwight Compton
President &
$0
Shannon Dalton
Director
$0
Jim Kilbourne
Director
$0
Oliver Mcbride
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$20,955
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20,955
Total Program Service Revenue$0
Investment income $192,371
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,600
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $216,926

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