Mary Bonham Educational Trust
- Assets
- $702.8k
- Revenue
- $20.6k
- Investments
- $612.1k
- Employees
- 0
- Location
- Sulphur Springs, TX
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 75-6454600
Organization Overview
Mary Bonham Educational Trust is located in Sulphur Springs, TX. The organization was established in 1995. 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. Mary Bonham Educational 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 12/2021, Mary Bonham Educational Trust generated $20.6k 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 (12.0%) each year. All expenses for the organization totaled $20.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mary Bonham Educational Trust has awarded 22 individual grants totaling $112,344. 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
ALL EXPENDITURES ARE MADE TO STATE SUPPORTED COLLEGES FOR THE EDUCATION OF STUDENTS IN ACCORDANCE WITH THE TRUST INSTRUMENT.
ALL EXPENDITURES ARE MADE TO STATE SUPPORTED COLLEGES FOR THE EDUCATION OF STUDENTS IN ACCORDANCE WITH THE TRUST INSTRUMENT.
ALL EXPENDITURES ARE MADE TO STATE SUPPORTED COLLEGES FOR THE EDUCATION OF STUDENTS IN ACCORDANCE WITH THE TRUST INSTRUMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl D Bryan Trustee | 3 | $0 | |
Rhonda A Young Trustee | 0 | $0 | |
Mary L Bonham Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$103 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $20,934 |
| Total expenses and disbursements | $20,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,574 |
| Savings and temporary cash investments | $51,102 |
| 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 | $0 |
| Total assets | $702,776 |
| 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, Mary Bonham Educational Trust has awarded $20,934 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EVAN LEWIS PURPOSE: EDUCATION EXPENSES | $8,000 |
AUSITN DODD PURPOSE: EDUCATION EXPENSES | $7,144 |
BRITTNEY PEEPLES PURPOSE: EDUCATION EXPENSES | $4,000 |
MIRACLE RAMON PURPOSE: EDUCATION EXPENSES | $1,790 |
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 |