The Lillian C And Melvin W Bud Cothran Memorial Scholarship Fund
- Assets
- $57.0k
- Revenue
- $3.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Rosman, NC
- Founding
- 06/1984
- Data as of
- 12/2023
- EIN
- 56-1372596
Organization Overview
The Lillian C And Melvin W Bud Cothran Memorial Scholarship Fund is located in Rosman, NC. The organization was established in 1984. 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. Lillian C And Melvin W Bud Cothran 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S DIRECT CHARITABLE ACTIVITY IS TO PROVIDE A SCHOLARSHIP EACH YEAR TO A MEMBER OF THE SENIOR CLASS OF ROSMAN HIGH SCHOOL TO HELP THEM PAY FOR COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Green Secretary/tr | 0 | $0 | |
Tracie Owen President | 0 | $0 | |
Rick Pangle Vice Preside | 0 | $0 | |
Nancy Sanders Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $1,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,861 |
| Capital Gain Net Income | $1,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $42 |
| Other expenses | $0 |
| Total operating and administrative expenses | $54 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $2,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,401 |
| Savings and temporary cash investments | $53,581 |
| 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 | $56,982 |
| 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 |