Betty And Ken Isaac Scholarship Foundation Inc
- Assets
- $907.1k
- Revenue
- $55.9k
- Investments
- $813.6k
- Employees
- 0
- Location
- Newton, NC
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 56-1875423
Organization Overview
Betty And Ken Isaac Scholarship Foundation Inc is located in Newton, NC. The organization was established in 1994. 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. Betty And Ken Isaac 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 12/2022, Betty And Ken Isaac Scholarship Foundation Inc generated $55.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $50.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Betty And Ken Isaac Scholarship Foundation Inc has awarded 199 individual grants totaling $1,230,490. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty D Isaac President | 0 | $0 | |
Julie D Carroll Vice Presidentsecretary | 0 | $0 | |
Billy M Price Jr Director | 0 | $0 | |
Glenn Barger Director | 0 | $0 | |
Mike Mcree Director | 0 | $0 | |
Robert A Mullinex Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $146 |
| Dividends & Interest | $19,135 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,359 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $291 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $571 |
| Total operating and administrative expenses | $2,212 |
| Contributions, gifts, grants paid | $47,920 |
| Total expenses and disbursements | $50,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,487 |
| 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 | $907,060 |
| 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, Betty And Ken Isaac Scholarship Foundation Inc has awarded $127,920 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
NEWTON ELKS LODGE PURPOSE: SPONSORSHIP | $420 |
NEWTON CONOVER EDUCATION FOUNDATION PURPOSE: SPONSORSHIP | $2,500 |
CATAWBA COUNTY SCHOOLS PURPOSE: SPONSORSHIP | $2,500 |
AIDEN HEFNER PURPOSE: ASU | $2,500 |
ALANI KEIGER PURPOSE: GWU | $2,500 |
ALEXIS HALL PURPOSE: UNC-G | $1,875 |