James C Hailey Scholarship Trust Fund
- Assets
- $157.8k
- Revenue
- $28.1k
- Investments
- $104.7k
- Employees
- 0
- Location
- Rock Island, TN
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 62-1414161
Organization Overview
James C Hailey Scholarship Trust Fund is located in Rock Island, TN. The organization was established in 1997. 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. James C Hailey Scholarship Trust 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 12/2023, James C Hailey Scholarship Trust Fund generated $28.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $30.2k during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 9 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.
Since 2015, James C Hailey Scholarship Trust Fund has awarded 66 individual grants totaling $144,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Boyd Trustee | 0 | $0 | |
Trenena Stanley Trustee | 0 | $0 | |
Jennifer Cantrell Trustee | 0 | $0 | |
Anthony Pelham Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $50 |
| Dividends & Interest | $5,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,285 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,071 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9 |
| Total operating and administrative expenses | $741 |
| Contributions, gifts, grants paid | $29,500 |
| Total expenses and disbursements | $30,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,070 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $157,793 |
| 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, James C Hailey Scholarship Trust Fund has awarded $29,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NOLAN HILLIS JR PURPOSE: SCHOLARSHIP | $2,500 |
SAMANTHA JENNINGS PURPOSE: SCHOLARSHIP | $5,000 |
KARLEE CANTRELL PURPOSE: SCHOLARSHIP | $2,500 |
BRITTANY WILKINSON PURPOSE: SCHOLARSHIP | $2,500 |
MITCHELL CATEN PURPOSE: SCHOLARSHIP | $3,000 |
ELLA COLVARD PURPOSE: SCHOLARSHIP | $3,000 |