Sherman Rotary Club Charitable And Scholarship Foundation Inc
- Assets
- $411.7k
- Revenue
- $50.8k
- Investments
- $401.5k
- Employees
- 0
- Location
- Sherman, TX
- Founding
- 11/1971
- Data as of
- 06/2021
- EIN
- 75-1250453
Organization Overview
Sherman Rotary Club Charitable And Scholarship Foundation Inc is located in Sherman, TX. The organization was established in 1971. 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. Sherman Rotary Club Charitable And Scholarship Foundation 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, Sherman Rotary Club Charitable And Scholarship Foundation Inc generated $50.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $34.8k during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 4 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, Sherman Rotary Club Charitable And Scholarship Foundation Inc has awarded 71 individual grants totaling $152,616. 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
THE FOUNDATION DOES NOT ENGAGE IN DIRECT CHARITABLE ACTIVITIES. THE FOUNDATION MAKES GRANTS TO SPECIFIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Wood Trustee | 0 | $0 | |
Andrea Lane Secretary/treasurer | 0 | $0 | |
Teresa Johnson Trustee | 0 | $0 | |
Paul Terrell Trustee | 0 | $0 | |
Wally Johnson Vice Chair | 0 | $0 | |
Gregg Pittman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,267 |
| Capital Gain Net Income | $40,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $515 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,685 |
| Total operating and administrative expenses | $8,313 |
| Contributions, gifts, grants paid | $26,500 |
| Total expenses and disbursements | $34,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,203 |
| 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 | $401,506 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $411,709 |
| 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, Sherman Rotary Club Charitable And Scholarship Foundation Inc has awarded $26,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MEALS ON WHEELS PURPOSE: TO PROMOTE THE EDUCATION OF SHERMAN YOUTH AND TO ENHANCE THE QUALITY OF LIFE IN SHERMAN, GRAYSON COUNTY, TX | $13,000 |
GRAND CENTRAL STATION PURPOSE: TO PROMOTE THE EDUCATION OF SHERMAN YOUTH AND TO ENHANCE THE QUALITY OF LIFE IN SHERMAN, GRAYSON COUNTY, TX | $5,000 |
GRAYSON COLLEGE FDN PURPOSE: TO PROMOTE THE EDUCATION OF SHERMAN YOUTH AND TO ENHANCE THE QUALITY OF LIFE IN SHERMAN, GRAYSON COUNTY, TX | $1,500 |
TBLT PURPOSE: TO PROMOTE THE EDUCATION OF SHERMAN YOUTH AND TO ENHANCE THE QUALITY OF LIFE IN SHERMAN, GRAYSON COUNTY, TX | $1,000 |
STEPHEN F AUSTIN UNIVERSITY PURPOSE: TO PROMOTE THE EDUCATION OF SHERMAN YOUTH AND TO ENHANCE THE QUALITY OF LIFE IN SHERMAN, GRAYSON COUNTY, TX | $1,000 |
Sherman, TX PURPOSE: TO PROMOTE THE EDUCATION OF SHERMAN YOUTH AND TO ENHANCE THE QUALITY OF LIFE IN SHERMAN, GRAYSON COUNTY, TX | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |