Backus Scholarship Fund Inc
- Assets
- $152.3k
- Revenue
- $17.2k
- Investments
- $147.6k
- Employees
- 0
- Location
- Fort Pierce, FL
- Founding
- Data as of
- 09/2023
- EIN
- 83-1639157
Organization Overview
Backus Scholarship Fund Inc is located in Fort Pierce, FL. 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. Backus Scholarship Fund 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 09/2023, Backus Scholarship Fund Inc generated $17.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $16.0k during the year ending 09/2023. While expenses have increased by 2.3% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J W Gaines Director | 1 | $0 | |
Donald Holmes Director | 1 | $0 | |
Thomas Perona Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $1,045 |
| Dividends & Interest | $6,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,246 |
| 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 | $16,000 |
| Total expenses and disbursements | $16,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,759 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $152,339 |
| 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, Backus Scholarship Fund Inc has awarded $16,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HALEY HAWKINS PURPOSE: SCHOLARSHIP | $2,000 |
ARIAH HILL PURPOSE: SCHOLARSHIP | $2,000 |
ASHLEY BUCHANAN PURPOSE: SCHOLARSHIP | $2,000 |
NADIA GARCIA PURPOSE: SCHOLARSHIP | $2,000 |
EMMANUELLA ALIX PURPOSE: SCHOLARSHIP | $2,000 |
JORNAE BLACKBURN PURPOSE: SCHOLARSHIP | $2,000 |