Bess R Poff Scholarship Foundation Inc
- Assets
- $154.4k
- Revenue
- $5.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Floyd, VA
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 54-1867764
Organization Overview
Bess R Poff Scholarship Foundation Inc is located in Floyd, VA. The organization was established in 1997. 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. Bess R Poff 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 12/2023, Bess R Poff Scholarship Foundation Inc generated $5.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $4.0k during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED SCHOLARSHIPS TO HIGH SCHOOL STUDENTS PLANNING TO ATTEND COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Spence President | 1 | $0 | |
Melissa Spence Sec Trea | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,633 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20 |
| Total Revenue | $5,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $133 |
| Contributions, gifts, grants paid | $3,900 |
| Total expenses and disbursements | $4,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,389 |
| Savings and temporary cash investments | $152,045 |
| 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 | $0 |
| Total assets | $154,434 |
| 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, Bess R Poff Scholarship Foundation Inc has awarded $3,900 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MELANIE GALLIMORE PURPOSE: SCHOLARSHIP FOR CONTINUING EDUCATION | $500 |
VANESA HYLTON PURPOSE: SCHOLARSHIP FOR CONTINUING EDUCATION | $500 |
HALLIE WILLIAMS PURPOSE: SCHOLARSHIP FOR CONTINUING EDUCATION | $1,400 |
MALLORY COCKRAM PURPOSE: SCHOLARSHIP FOR CONTINUING EDUCATION | $500 |
VICTORIA WOOD PURPOSE: SCHOLARSHIP FOR CONTINUING EDUCATION | $1,000 |