Jerry S Rawls Scholarship Foundation
- Assets
- $4.9m
- Revenue
- $590.2k
- Investments
- $4.8m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 91-6530654
Organization Overview
Jerry S Rawls Scholarship Foundation is located in Lubbock, TX. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerry S Rawls 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 12/2021, Jerry S Rawls Scholarship Foundation generated $590.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $190.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jerry S Rawls Scholarship Foundation has awarded 599 individual grants totaling $1,041,600. 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 |
|---|---|---|---|
Glenn D Moor Co-Trustee | 0 | $0 | |
Bobby M Gleason Co-Trustee | 0 | $0 | |
Jerry S Rawls Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $95 |
| Dividends & Interest | $22,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $503,272 |
| Capital Gain Net Income | $503,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63,857 |
| Total Revenue | $590,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,701 |
| Total operating and administrative expenses | $45,829 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $190,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,209 |
| Savings and temporary cash investments | $122,706 |
| 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 | $494,327 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,902,429 |
| 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, Jerry S Rawls Scholarship Foundation has awarded $160,000 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
JORDAN KNIGHT PURPOSE: SCHOLARSHIP | $3,500 |
TRISTAN THATCHER PURPOSE: SCHOLARSHIP | $3,500 |
SAMUEL COLE PURPOSE: SCHOLARSHIP | $3,500 |
JANZEN ILSENG PURPOSE: SCHOLARSHIP | $3,400 |
DAWSON ABERNATHY PURPOSE: SCHOLARSHIP | $3,400 |
ROBERT LUKE ROWLAND PURPOSE: SCHOLARSHIP | $3,075 |