The Lacy And Mattie Meador Family Academic Scholarship Trust
- Assets
- $1.0m
- Revenue
- $206.7k
- Investments
- $976.6k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1997
- Data as of
- 05/2022
- EIN
- 54-6385104
Organization Overview
The Lacy And Mattie Meador Family Academic Scholarship Trust is located in Dallas, TX. 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. Lacy And Mattie Meador Family Academic Scholarship Trust 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 05/2022, Lacy And Mattie Meador Family Academic Scholarship Trust generated $206.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $92.1k during the year ending 05/2022. While expenses have increased by 11.1% per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,958 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $185,782 |
| Capital Gain Net Income | $185,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $206,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,333 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,345 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,466 |
| Total operating and administrative expenses | $24,191 |
| Contributions, gifts, grants paid | $67,900 |
| Total expenses and disbursements | $92,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,102 |
| 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 | $1,020,748 |
| 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, The Lacy And Mattie Meador Family Academic Scholarship Trust has awarded $67,900 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF VA - WISE PURPOSE: COLLEGE/UNIVERSITY STUDENT | $31,650 |
MOUNTAIN EMPIRE COMMUNITY PURPOSE: COLLEGE/UNIVERSITY STUDENT | $12,850 |
VIRGINIA TECH PURPOSE: COLLEGE/UNIVERSITY STUDENT | $10,200 |
RADFORD UNIVERSITY PURPOSE: COLLEGE/UNIVERSITY STUDENT | $4,400 |
UNIVERSITY OF VIRGINIA PURPOSE: COLLEGE/UNIVERSITY STUDENT | $2,200 |
Emory, VA PURPOSE: COLLEGE/UNIVERSITY STUDENT | $2,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |