Ione M Allen Music Scholarship Fun
- Assets
- $837.1k
- Revenue
- $24.3k
- Investments
- $801.6k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 58-6189987
Organization Overview
Ione M Allen Music Scholarship Fun is located in Las Vegas, NV. The organization was established in 1985. 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. Ione M Allen Music Scholarship Fun 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 12/2023, Ione M Allen Music Scholarship Fun generated $24.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $60.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ione M Allen Music Scholarship Fun has awarded 60 individual grants totaling $203,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,273 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,722 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $722 |
| Total Revenue | $24,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,655 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $292 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $18,097 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $60,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172 |
| Savings and temporary cash investments | $35,276 |
| 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 | $801,624 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $837,072 |
| 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, Ione M Allen Music Scholarship Fun has awarded $42,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF NORTH CAROLINA - CHAPEL HILL PURPOSE: SCHOLARSHIP | $4,500 |
VANDERBILT UNIV FBO AARON CHEN PURPOSE: SCHOLARSHIP | $4,500 |
WESTERN CAROLINA UNIV FBO MADISON PURPOSE: SCHOLARSHIP | $4,000 |
WESTERN CAROLINA UNIV FBO PURPOSE: SCHOLARSHIP | $4,500 |
COLLEGE OF CHARLESTON FBO ANNA GARNER PURPOSE: SCHOLARSHIP | $4,000 |
NORTH CAROLINA ST UNIV FBO PURPOSE: SCHOLARSHIP | $4,000 |