Mcduffie Scholarship And Loan Foundation Inc
- Assets
- $333.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thomson, GA
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 58-1794412
Organization Overview
Mcduffie Scholarship And Loan Foundation Inc is located in Thomson, GA. The organization was established in 1989. 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. Mcduffie Scholarship And Loan 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 12/2021, Mcduffie Scholarship And Loan Foundation Inc generated $55.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $38.4k during the year ending 12/2021. While expenses have increased by 2.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION ADMINISTERS OVER TWENTY SCHOLARSHIPS EACHYEAR, GRANTED TO GRADUATING STUDENTS FROM MCDUFFIE COUNTY, GA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Bragg Executive Director | 5 | $0 | |
Kenneth Usry Treasurer | 1 | $0 | |
Andy Knox Sr President | 1 | $0 | |
Robin Dudley Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $220 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,220 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $125 |
| Other expenses | $0 |
| Total expenses | $38,375 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $333,236 |
| Other assets | $0 |
| Total assets | $333,586 |
| Total liabilities | $0 |
| Net assets or fund balances | $333,586 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mcduffie Scholarship And Loan Foundation Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: MINORITY SCHOLARSHIP FUND FOR GRADUATES OF THOMSON HIGH SCHOOL | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |