Taylor Whitley Usadebusk Scholarship Foundation
- Assets
- $509.7k
- Revenue
- $474.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Deer Park, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-3108282
Organization Overview
Taylor Whitley Usadebusk Scholarship Foundation is located in Deer Park, TX. 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. Taylor Whitley Usadebusk 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 12/2023, Taylor Whitley Usadebusk Scholarship Foundation generated $474.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $322.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Taylor Whitley Usadebusk Scholarship Foundation has awarded 60 individual grants totaling $530,081. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SOLE PURPOSE IS RAISING FUNDS WHICH ARE USED TO PROVIDE SCHOLARSHIP GRANTS TO INDIVIDUALS, INCLUDING HIGH SCHOOL, COLLEGE AND GRADUATE SCHOOL STUDENTS, TO ENABLE RECIPIENTS TO COMPLETE AN UNDERGRADUATE OR GRADUATE EDUCATION IN THE FIELD OF THEIR CHOICE AT THE COLLEGE OR GRADUATE SCHOOL OF THEIR CHOICE. RECIPIENTS OF SCHOLARSHIP GRANTS WILL BE LIMITED TO LINEAL DESCENDANTS OF EMPLOYEES OF USA DEBUSK, LLC, A DELAWARE LIMITED LIABILITY COMPANY (THE COMPANY), AND ALL SUBSIDIARIES OF THE COMPANY.
THE FOUNDATION INTENDS TO DISTRIBUTE UP TP 20% OF THE FUNDS IT RAISES TO ANOTHER 501(C)(3) ORGANIZATION EACH YEAR, THE TAYLOR WHITLEY SHOW UP FOUNDATION, INC. THE TAYLOR WHITLEY SHOW UP FOUNDATION, INC. WILL USE THESE FUNDS TO GRANT EDUCATIONAL SCHOLARSHIPS PURSUANT TO ITS OWN SCHOLARSHIP GRANT POLICY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick A Debusk Director, Ceo, President | 5 | $0 | |
Diana Rios Director | 0 | $0 | |
Christy Heno Director | 0 | $0 | |
Alex Hinrichs Director | 0 | $0 | |
Cristin Johnson Director, Vice President | 5 | $0 | |
Joe Franz Treasurer, CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $467,592 |
| Interest on Savings | $144 |
| 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 | $7,000 |
| Total Revenue | $474,736 |
| 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 | $27,657 |
| Total operating and administrative expenses | $29,957 |
| Contributions, gifts, grants paid | $292,987 |
| Total expenses and disbursements | $322,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $509,728 |
| 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 | $509,728 |
| 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, Taylor Whitley Usadebusk Scholarship Foundation has awarded $292,987 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL BECKA PURPOSE: TUITION - UT AUSTIN | $12,000 |
ALEXCIA STOMMEL PURPOSE: TUITION - TEXAS A&M KINGSVILLE | $8,000 |
ABBAGAIL ZAVALA PURPOSE: TUITION - TARLETON STATE UNIVERSITY | $2,750 |
ALLYSON RICHTER PURPOSE: TUITION - SOUTHEASTERN LOUISIANA UNIVERSITY | $5,000 |
AMBERLY MARTINEZ PURPOSE: TUITION - UH | $7,500 |
ARIANNA NAVARRETE PURPOSE: TUITION - UT AUSTIN | $15,000 |