Alton Bridgers Memorial Scholarship Tr
- Assets
- $138.1k
- Revenue
- $220.0
- Investments
- $0.0
- Employees
- 0
- Location
- Selma, NC
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 56-6486563
Organization Overview
Alton Bridgers Memorial Scholarship Tr is located in Selma, NC. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alton Bridgers Memorial Scholarship Tr 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, Alton Bridgers Memorial Scholarship Tr generated $220.0 in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $14.9k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 7 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
AWARDED SCHOLARSHIPS TO FOUR QUALIFYING INDIVIDUALS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $220 |
| 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 | $0 |
| Total Revenue | $220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,432 |
| Total operating and administrative expenses | $7,934 |
| Contributions, gifts, grants paid | $7,000 |
| Total expenses and disbursements | $14,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $138,070 |
| 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 | $138,070 |
| 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, Alton Bridgers Memorial Scholarship Tr has awarded $7,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW COX PURPOSE: EAST CAROLINAUNIVERSITYCOLLEGE TUITION | $3,000 |
JEFFREY PALMER PURPOSE: UNC - WILMINGTONCOLLEGE TUITION | $1,000 |
ALLYSON EVANS PURPOSE: JOHNSTON COMMUNITYCOLLEGE COLLEGE TUITION | $1,000 |
MICAH HILL PURPOSE: N.C.STATE UNIVERSITYCOLLEGE TUITION | $2,000 |