T Franklin Cheek Jr Scholarship Fund
- Assets
- $591.8k
- Revenue
- $50.2k
- Investments
- $578.7k
- Employees
- 0
- Location
- Ripley, TN
- Founding
- 07/2002
- Data as of
- 06/2022
- EIN
- 62-1849605
Organization Overview
T Franklin Cheek Jr Scholarship Fund is located in Ripley, TN. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. T Franklin Cheek Jr 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 06/2022, T Franklin Cheek Jr Scholarship Fund generated $50.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $40.7k during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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, T Franklin Cheek Jr Scholarship Fund has awarded 144 individual grants totaling $169,000. 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 |
|---|---|---|---|
Stephen Byrd Board Memb | 1 | $0 | |
Jimmie Jackson Board Memb | 1 | $0 | |
Linda Jennings Board Memb | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,776 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $444 |
| Capital Gain Net Income | $444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $392 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $2,188 |
| Contributions, gifts, grants paid | $38,500 |
| Total expenses and disbursements | $40,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,100 |
| 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 | $578,654 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $591,754 |
| 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, T Franklin Cheek Jr Scholarship Fund has awarded $39,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
LAURA SIMPSON PURPOSE: COLLEGE EDUCATION | $1,500 |
JENYKA SANDS PURPOSE: COLLEGE EDUCATION | $1,500 |
LUKE MASSONGIL PURPOSE: COLLEGE EDUCATION | $1,500 |
EVAN GOODMAN PURPOSE: COLLEGE EDUCATION | $1,500 |
KAIRA JOHNSON PURPOSE: COLLEGE EDUCATION | $1,500 |
AALEIGHA FOLKS PURPOSE: COLLEGE EDUCATION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Mr & Mrs E H Sumners Foundation Jackson, MS | $72,595,869 | $8,309,284 |
Lowes Foundation Mooresville, NC | $8,794,184 | $2,155,365 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |
St Stephen S And St Agnes School Foundation Alexandria, VA | $47,445,810 | $11,356,184 |
The University Of Arkansas Fort Smith Foundation Inc Fort Smith, AR | $118,416,954 | -$649,824 |