Edward Nixon Mckay Memorial Scholarship Fund
- Assets
- $324.7k
- Revenue
- $11.7k
- Investments
- $314.0k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 04/1982
- Data as of
- 11/2023
- EIN
- 58-6161795
Organization Overview
Edward Nixon Mckay Memorial Scholarship Fund is located in Las Vegas, NV. The organization was established in 1982. According to its NTEE Classification (T30) the organization is classified as: Public 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. Edward Nixon Mckay 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.
For the year ending 11/2023, Edward Nixon Mckay Memorial Scholarship Fund generated $11.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $24.9k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Edward Nixon Mckay Memorial Scholarship Fund has awarded 54 individual grants totaling $113,004. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,698 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $975 |
| Capital Gain Net Income | $975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48 |
| Total Revenue | $11,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,031 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,915 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $24,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,710 |
| 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 | $313,973 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $324,683 |
| 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, Edward Nixon Mckay Memorial Scholarship Fund has awarded $20,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NDIANAABASI AKPAN CO YALE UNIV PURPOSE: SCHOLARSHIP | $1,667 |
SARAH GRAHAM CO GEORGIA HIGHLANDS PURPOSE: SCHOLARSHIP | $1,666 |
DANIEL GOMEZ RUBIO CO KENNESAW STATE PURPOSE: SCHOLARSHIP | $1,667 |
RAVENNA JOJOLA CO TEXAS CHRISTIAN UNIV PURPOSE: SCHOLARSHIP | $1,667 |
ALONTE LEWIS CO MERCER UNIV PURPOSE: SCHOLARSHIP | $2,500 |
GRACY PADGETT CO MERCER UNIV PURPOSE: SCHOLARSHIP | $5,000 |