Charles G & Alice R Mayson Scholarship Grant Fund
- Assets
- $607.9k
- Revenue
- $71.4k
- Investments
- $607.9k
- Employees
- 0
- Location
- Atmore, AL
- Founding
- 04/1992
- Data as of
- 12/2021
- 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 12/2021, Charles G & Alice R Mayson Scholarship Grant Fund generated $71.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $81.5k during the year ending 12/2021. While expenses have increased by 3.9% 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, Charles G & Alice R Mayson Scholarship Grant Fund has awarded 63 individual grants totaling $320,593. 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
2021
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 | $2,453 |
| Dividends & Interest | $36,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,483 |
| Capital Gain Net Income | $10,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,563 |
| Total Revenue | $71,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,051 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $13,138 |
| Contributions, gifts, grants paid | $68,400 |
| Total expenses and disbursements | $81,538 |
| 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 | $193,305 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $607,857 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $9,434 |
| 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 | $9,434 |
Grants Awarded
Over the last fiscal year, Charles G & Alice R Mayson Scholarship Grant Fund has awarded $68,400 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SETH KILLAM PURPOSE: SCHOLARSHIP | $7,600 |
MARY THOMPSON LANCASTER PURPOSE: SCHOLARSHIP | $7,600 |
JACKSON WILLIAM BRECKENRIDGE PURPOSE: SCHOLARSHIP | $7,600 |
SARAH PERRITT PURPOSE: SCHOLARSHIP | $7,600 |
CHRISTIARA JONES PURPOSE: SCHOLARSHIP | $7,600 |
GAINES DOUGLAS JOEL TANNER PURPOSE: SCHOLARSHIP | $7,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
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 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |