The Ellanora Mcginty Scholarship
- Assets
- $148.1k
- Revenue
- $23.7k
- Investments
- $143.5k
- Employees
- 0
- Location
- Tavares, FL
- Founding
- 09/1992
- Data as of
- 12/2018
- EIN
- 59-6964815
Organization Overview
The Ellanora Mcginty Scholarship is located in Tavares, FL. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations.
For the year ending 12/2018, Ellanora Mcginty Scholarship generated $23.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $11.3k during the year ending 12/2018. 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
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWO OR MORE SCHOLARSHIPS ARE AWARDED TO TAVARES HIGH SCHOOL GRADUATES FOR COLLEGE EXPENSES EACH YEAR SENIORS WHO APPLY ARE INTERVIEWED AND APPLICANTS ARE
JUDGED ON NEED AND ACHEIVEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burney A Vaughn Trustee | 1 | $0 | |
Janice Boyd Trustee | 1 | $0 | |
Sanford A Minkoff Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,192 |
| Capital Gain Net Income | $21,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $178 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $603 |
| Contributions, gifts, grants paid | $10,652 |
| Total expenses and disbursements | $11,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,532 |
| Savings and temporary cash investments | $0 |
| 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 | $143,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $148,074 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $81,618 |
| 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 | $81,618 |
Grants Awarded
Over the last fiscal year, The Ellanora Mcginty Scholarship has awarded $92,271 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
MERICA ANDREWS PURPOSE: SCHOLARSHIP | $8,000 |
JAMILA BROWN PURPOSE: SCHOLARSHIP | $8,000 |
AMBER WATKINS PURPOSE: SCHOLARSHIP | $8,000 |
GUSTAVO PEREZ PURPOSE: SCHOLARSHIP | $7,000 |
PATRICK DINMORE PURPOSE: SCHOLARSHIP | $7,000 |
GENAYA HUGHES PURPOSE: SCHOLARSHIP | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |