Hendrick Scholarship Foundation
- Assets
- $723.1k
- Revenue
- $578.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Plano, TX
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 75-2376396
Organization Overview
Hendrick Scholarship Foundation is located in Plano, TX. The organization was established in 1991. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Hendrick Scholarship Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrick Scholarship Foundation 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 06/2022, Hendrick Scholarship Foundation generated $578.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $299.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HENDRICK SCHOLARSHIP FOUNDATION IS TO PROVIDE THE MEANS FOR QUALIFIED STUDENTS WHO HAVE EXPERIENCED ADVERSITIES TO ENROLL IN COLLEGE AND, WITH CONTINUED MORAL AND FINANCIAL ENCOURAGEMENT AND SUPPORT, TO GRADUATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HENDRICK SCHOLARSHIP STUDENTS NEED HELP WITH FUNDING THEIR COLLEGE EDUCATION AS WELL AS EMOTIONAL ENCOURAGEMENT TO REACH THEIR EDUCATIONAL AND LIFE POTENTIAL. HENDRICK FOUNDATION'S GRANTS PAY FOR TUITION, FEES, AND BOOKS TO HELP TO LOCATE RESOURCES TO DEAL WITH ISSUES SUCH AS TRANSPORTATION, EMPLOYMENT, OR HOUSING. HENDRICK SCHOLARSHIPS GRANTED IN 2020:
HENDRICK SCHOLARSHIP STUDENTS NEED HELP WITH FUNDING THEIR COLLEGE EDUCATION AS WELL AS EMOTIONAL ENCOURAGEMENT TO REACH THEIR EDUCATIONAL AND LIFE POTENTIAL. HENDRICK FOUNDATION'S GRANTS PAY FOR TUITION, FEES, AND BOOKS TO HELP TO LOCATE RESOURCES TO DEAL WITH ISSUES SUCH AS TRANSPORTATION, EMPLOYMENT, OR HOUSING. HENDRICK SCHOLARSHIPS GRANTED IN 2020:
HENDRICK SCHOLARSHIP STUDENTS NEED HELP WITH FUNDING THEIR COLLEGE EDUCATION AS WELL AS EMOTIONAL ENCOURAGEMENT TO REACH THEIR EDUCATIONAL AND LIFE POTENTIAL. HENDRICK FOUNDATIONS GRANTS PAY FOR TUITION, FEES, AND BOOKS TO HELP TO LOCATE RESOURCES TO DEAL WITH ISSUES SUCH AS TRANSPORTATION, EMPLOYMENT, OR HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Boobar Board Member | Trustee | 3 | $0 |
Jean Callison President | OfficerTrustee | 9 | $0 |
Mary Jo Dean Immediate Pa | OfficerTrustee | 1 | $0 |
Garry Evans Board Member | Trustee | 3.2 | $0 |
Rutledge Haggard Chair Emerit | Trustee | $0 | |
Bob Kehr Secretary | OfficerTrustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,891 |
| Investment income | $906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $188,270 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $578,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $152,139 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $69,994 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,827 |
| Fees for services: Investment Management | $504 |
| Fees for services: Other | $4,191 |
| Advertising and promotion | $5,213 |
| Office expenses | $10,486 |
| Information technology | $6,937 |
| Royalties | $0 |
| Occupancy | $6,220 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,003 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279 |
| Insurance | $4,506 |
| All other expenses | $0 |
| Total functional expenses | $299,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,067 |
| Savings and temporary cash investments | $309,113 |
| Pledges and grants receivable | $196,792 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $723,089 |
| 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 | $841 |
| Total liabilities | $841 |
| Net assets without donor restrictions | $643,173 |
| Net assets with donor restrictions | $79,075 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $722,248 |
Grants Awarded
Over the last fiscal year, Hendrick Scholarship Foundation has awarded $48,357 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLLIN COLLEGE PURPOSE: Education Grants | $32,607 |
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: Education Grants | $15,750 |