Mildred Mcmahan Scholarship
- Assets
- $488.5k
- Revenue
- $13.4k
- Investments
- $480.6k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/2006
- Data as of
- 09/2022
- EIN
- 59-6802975
Organization Overview
Mildred Mcmahan Scholarship is located in Las Vegas, NV. The organization was established in 2006. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mildred Mcmahan Scholarship 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 09/2022, Mildred Mcmahan Scholarship generated $13.4k 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 (12.0%) each year. All expenses for the organization totaled $34.2k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mildred Mcmahan Scholarship has awarded 41 individual grants totaling $115,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $132 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $228 |
| Capital Gain Net Income | $228 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,735 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,065 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,215 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $34,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,939 |
| 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 | $480,568 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $488,507 |
| 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, Mildred Mcmahan Scholarship has awarded $20,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ROBERT WARD CO UNIVERSITY OF NORTH PURPOSE: SCHOLARSHIP | $2,500 |
FADI ABBOUD CO UNIVERSITY OFCENTRAL PURPOSE: SCHOLARSHIP | $2,500 |
ERIKA FRUTCHEY CO UNIVERSITY OF SOUTH PURPOSE: SCHOLARSHIP | $2,500 |
KARA TETENS CO UNIVERSITY OF NORTH PURPOSE: SCHOLARSHIP | $2,500 |
MADISON MCCALL CO FLORIDA GULF COAST PURPOSE: SCHOLARSHIP | $2,500 |
JUSTIN BARBER CO UNIVERSITY OF FLORIDA PURPOSE: SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |
Borina Foundation Burlingame, CA | $0 | $77,406 |