The Scovell Scholarship Foundation

Organization Overview

The Scovell Scholarship Foundation is located in Dallas, TX. The organization was established in 2000. 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. Scovell 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 05/2022, Scovell Scholarship Foundation generated $362.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $97.3k during the year ending 05/2022. While expenses have increased by 0.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ANNUALLY AWARDS THOUSANDS OF DOLLARS IN SCHOLARSHIPS TO NORTH TEXAS YOUTHS WITH HIGH MORAL CHARACTER, LEADERSHIP ABILITIES, FINANCIAL NEED AND A CONNECTION TO SPORTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STUDENT SCHOLARSHIPS ($4,000 PER STUDENT * 15 )


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Board, Officers & Key Employees

Name (title)Compensation
Jack Roberts
Secretary
$0
King Scovell
Co President
$0
Scott Lavender
Co President
$0
Jim Chiak
Treasurer
$0
Bill Palen
Trustee
$0
Bill Spicer
Trustee
$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$98,060
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$98,060
Total Program Service Revenue$0
Investment income $66,271
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $196,218
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $362,218

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The Scovell Scholarship Foundation has recieved totaling $64,559.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$50,000
Dallas Foundation A Tx Nonprofit Corporation

Dallas, TX

PURPOSE: GENERAL SUPPORT

$14,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$59
View Grant Recipient Profile

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