Minnie L Maffett Scholarship Trust
- Assets
- $1.2m
- Revenue
- $88.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/1967
- Data as of
- 04/2024
- EIN
- 75-6037885
Organization Overview
Minnie L Maffett Scholarship Trust is located in Dallas, TX. The organization was established in 1967. 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. Minnie L Maffett Scholarship Trust 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 04/2024, Minnie L Maffett Scholarship Trust generated $88.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $103.0k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Minnie L Maffett Scholarship Trust has awarded 30 individual grants totaling $283,521. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $24,173 | |
Veronica Decena Co Smu Committee Member | 1 | $0 | |
Brandon Bays Co Utsw Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,219 |
| Capital Gain Net Income | $29,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,202 |
| Total Revenue | $88,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,601 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,488 |
| Total operating and administrative expenses | $33,039 |
| Contributions, gifts, grants paid | $69,999 |
| Total expenses and disbursements | $103,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,214 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $1,244,611 |
| 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, Minnie L Maffett Scholarship Trust has awarded $69,999 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WEATHERFORD COLLEGE PURPOSE: FOR COLLEGE SCHOLARSHIPS | $3,334 |
TEXAS A&M UNIVERSITY PURPOSE: FOR COLLEGE SCHOLARSHIPS | $16,665 |
SAM HOUSTON STATE UNIVERSITY PURPOSE: FOR COLLEGE SCHOLARSHIPS | $3,334 |
SOUTHERN METHODIST UNIVERSITY PURPOSE: FOR COLLEGE SCHOLARSHIPS | $23,333 |
UT SOUTHWESTERN MEDICAL CENTER PURPOSE: FOR MEDICAL SCHOOL | $23,333 |