The Chattanooga Chapter Troa Scholarship Trust
- Assets
- $32.8k
- Revenue
- $5.7k
- Investments
- $28.4k
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 62-6304520
Organization Overview
The Chattanooga Chapter Troa Scholarship Trust is located in Chattanooga, TN. The organization was established in 1996. 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. Chattanooga Chapter Troa Scholarship Trust 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 12/2021, Chattanooga Chapter Troa Scholarship Trust generated $5.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $2.1k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF SCHOLARSHIPS TO COLLEGE AND HIGH SCHOOL STUDENTS ENROLLING IN A COLLEGE OR UNIVERSITY ROTC PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott J Bryant Chair Of Trustees | 1 | $0 | |
Kevin A Beavers Trustee | 1 | $0 | |
H Scott Hardin Trustee | 1 | $0 | |
Jackie E Mullinax Trustee | 1 | $0 | |
James W Hargrove Jr Treasurer | 2 | $0 | |
Thomas E Shipley Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,077 |
| Interest on Savings | $0 |
| Dividends & Interest | $550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90 |
| Capital Gain Net Income | $90 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $122 |
| Other expenses | $0 |
| Total operating and administrative expenses | $129 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $2,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,391 |
| 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 | $28,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,768 |
| 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, The Chattanooga Chapter Troa Scholarship Trust has awarded $2,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REESE D GIBBS PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
HANNAH NYEMBWE PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |