Charles G & Alice R Mayson Scholarship Grant Fund
- Assets
- $611.6k
- Revenue
- $61.6k
- Investments
- $611.6k
- Employees
- 0
- Location
- Atmore, AL
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 63-6161467
Organization Overview
Charles G & Alice R Mayson Scholarship Grant Fund is located in Atmore, AL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles G & Alice R Mayson Scholarship Grant 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 12/2022, Charles G & Alice R Mayson Scholarship Grant Fund generated $61.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $58.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles G & Alice R Mayson Scholarship Grant Fund has awarded 85 individual grants totaling $411,343. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,628 |
| Dividends & Interest | $38,236 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,822 |
| Capital Gain Net Income | $8,183 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,880 |
| Total Revenue | $61,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,414 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $13,773 |
| Contributions, gifts, grants paid | $44,550 |
| Total expenses and disbursements | $58,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $184,406 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $611,591 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $9,925 |
| 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 | $9,925 |
Grants Awarded
Over the last fiscal year, Charles G & Alice R Mayson Scholarship Grant Fund has awarded $44,550 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SETH KILLAM PURPOSE: SCHOLARSHIP | $4,050 |
CHRISTIARA JONES PURPOSE: SCHOLARSHIP | $4,050 |
GAINES DOUGLAS JOEL TANNER PURPOSE: SCHOLARSHIP | $4,050 |
MARY THOMPSON LANCASTER PURPOSE: SCHOLARSHIP | $4,050 |
KEATON BROWN PURPOSE: SCHOLARSHIP | $4,050 |
SAVANNAH DOREMUS PURPOSE: SCHOLARSHIP | $4,050 |