Single Parent Scholarship Fund Of Benton County Inc
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Bentonville, AR
- Founding
- 12/1998
- Data as of
- 06/2021
- EIN
- 71-0816518
Organization Overview
Single Parent Scholarship Fund Of Benton County Inc is located in Bentonville, AR. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Single Parent Scholarship Fund Of Benton County Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Single Parent Scholarship Fund Of Benton County Inc 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 06/2021, Single Parent Scholarship Fund Of Benton County Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 6.3% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SPSFBC IS TO PROVIDE SCHOLARSHIPS AND STUDENT SUPPORT TO SINGLE PARENT FAMILIES IN BENTON COUNTY IN ORDER TO ENABLE SINGLE PARENTS TO ATTAIN SELF-SUFFICIECY THROUGH POST-SECONDARY EDUCATION AND BRING THEM AND THEIR CHILDREN OUT OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE PROVIDED TO SINGLE PARENTS TO ASSIST WITH DAY-TO-DAY EXPENSES THE STUDENT EXPERIENCES. THE FUNDS CAN BE USED FOR SCHOOL EXPENSES OR PERSONAL COSTS SUCH AS RENT, UTILITIES, CHILD CARE, ETC. THE FUNDS ARE PAID DIRECTLY TO THE SERVICE PROVIDER VERSUS THE STUDENT. ADDITIONALLY, OTHER SERVICES THE RECIPIENT RECEIVES IS GUIDANCE AND SUPPORT FOR CHALLENGES OCCURRING IN THEIR LIFE AS A STUDENT, PARENT AND OFTEN AN EMPLOYEE. INCLUDED IN THIS SUPPORT IS A LICENSED COUNSELOR WHO IS AVAILABLE BY APPOINTMENT TO ASSIST THE SINGLE PARENT AS WELL AS HIS/HER CHILDREN. A NEW PROGRAM WAS CREATED IN 2018, GAP OR GRADUATE ADVANCEMENT PLAN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Eaton Executive Di | Officer | 40 | $75,696 |
Tyler Clark Officer | OfficerTrustee | 40 | $0 |
Aaron Divine Member | Trustee | 1 | $0 |
Brittney Duke Member | Trustee | 1 | $0 |
Mary Heman Secretary | OfficerTrustee | 1 | $0 |
Todd Kitchen Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,184,572 |
| Noncash contributions included in lines 1a–1f | $63,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,184,572 |
| Total Program Service Revenue | $0 |
| Investment income | $767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,291,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $397,394 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $486,192 |
| Pension plan accruals and contributions | $22,409 |
| Other employee benefits | $30,531 |
| Payroll taxes | $41,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,768 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10 |
| Office expenses | $0 |
| Information technology | $22,213 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,976 |
| Insurance | $3,934 |
| All other expenses | $42,481 |
| Total functional expenses | $1,206,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |