Cecil Ray Scholarship
- Assets
- $36.2k
- Revenue
- $19.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2021
- EIN
- 85-1249559
Organization Overview
Cecil Ray Scholarship is located in Louisville, KY. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Cecil Ray Scholarship 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, Cecil Ray Scholarship generated $19.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (36.0%) each year. All expenses for the organization totaled $15.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION SCHOLARSHIPS FOR STUDENTS ENROLLED AT EMMA L. MINNIS JR. ACADEMY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffney Gibson-Goodwin Bod | 0 | $0 | |
Eleanor Nichols Bod | 0 | $0 | |
Yvonne Lovell Bod | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,112 |
| Interest on Savings | $37 |
| Dividends & Interest | $0 |
| 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 | $19,149 |
| 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 | $725 |
| Total operating and administrative expenses | $725 |
| Contributions, gifts, grants paid | $14,750 |
| Total expenses and disbursements | $15,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,226 |
| 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 | $36,226 |
| 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, Cecil Ray Scholarship has awarded $14,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA L MINNIS JR ACADEMY PURPOSE: DISTRIBUTION OF SCHOLARSHIP FUNDS FOR STUDENT TUITION AND FINANCIAL ASSISTANCE | $14,750 |
EMMA L MINNIS JR ACADEMY PURPOSE: DISTRIBUTION OF SCHOLARSHIP FUNDS FOR STUDENT TUITION AND FINANCIAL ASSISTANCE | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |