NonprofitsMemphis Opportunity Scholarship Tr Inc

Education

Memphis Opportunity Scholarship Tr Inc

MEMPHIS, TN

Total revenue

$1.6M

Total expenses

$1.5M

Net assets

$8.0M

Grants received

$5.6M

69 grants

EIN

621723618

Tax year

2024

Mission

Provide educational opportunities and assistance to children who are unable to achieve the same or have difficulty doing so for financial reasons. The main form of assistance provided by most is scholarships to help students from low-income families have the opportunity to attend private schools in the memphis area that charge tuition.

Financials

FY 2024

Revenue

Contributions & grants$1.4M
Program service revenue
Investment income$183K
Other revenue$51K
Total revenue$1.6M

Expenses

Grants paid$1.1M
Salaries & benefits$312K
Fundraising$127K
Other expenses$79K
Total expenses$1.5M
Total assets$8.0M
Net assets$8.0M

People

12 listed

NameRoleCompensation

ABBEY S COWENS

PAST EXECUTIVE DIRECTOR

Board

$134K

40 hrs/wk

TRENT D WILLIAMSON

DIRECTOR

Board

1 hrs/wk

ELLIS L HAGUEWOOD

DIRECTOR

Board

1 hrs/wk

MARY SCHELL

DIRECTOR

Board

1 hrs/wk

KATHERINE T DICKINSON

DIRECTOR

Board

1 hrs/wk

HAL FOGELMAN

DIRECTOR

Board

1 hrs/wk

KEITH MCBRIDE II

DIRECTOR

Board

1 hrs/wk

CALVIN SULLIVAN

TREASURER

Board

1 hrs/wk

BOB SOLMSON

DIRECTOR

Board

1 hrs/wk

BARBARA MELONI

DIRECTOR

Board

1 hrs/wk

E CARL KRAUSNICK JR

BOARD CHAIR

Board

1 hrs/wk

JOSEFINA SHIRLEY

CURRENT EXECUTIVE DIRECTOR

Board

40 hrs/wk

Grants received

Showing 69 of 69

FromAmountPurposeYear
$211K
GENERAL OPERATIONAL SUPPORT
2024
$109K
To provide partial scholarship awards to children from low-income families
2024
$2K
Financial Assistance
2024
$284K
GENERAL OPERATIONAL SUPPORT
2023
$250K
General & Unrestricted
2023
$104K
To provide partial scholarship awards to children from low-income families
2023
$100K
GENERAL OPERATING SUPPORT
2023
$100K
PROGRAM SERVICES
2023
$84K
FOR EXEMPT PURPOSE
2023
$76K
For grant recipient's exempt purposes
2023
$20K
GENERAL OPERATING
2023
$15K
GENERAL OPERATIONS
2023
$530K
GENERAL OPERATIONAL SUPPORT
2022
$105K
To provide partial scholarship awards to children from low-income families
2022
$83K
EDUCATIONAL
2022
$73K
For grant recipient's exempt purposes
2022
$137K
GENERAL OPERATIONAL SUPPORT
2021
$38K
EDUCATIONAL
2021
$26K
For recipient's exempt purpose
2021
$23K
PROGRAM SUPPORT
2021
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021
$6K
FOR FOUNDER'S SCHOLARS PROGRAM
2021
$125K
To provide partial scholarship awards to children from low-income families
2020
$109K
GENERAL OPERATIONAL SUPPORT
2020
$80K
EDUCATIONAL
2020
$58K
For grant recipient's exempt purposes
2020
$31K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$7K
PROGRAM SUPPORT
2020
$920K
GENERAL OPERATIONAL SUPPORT
2019
$112K
To provide partial scholarship awards to children from low-income families
2019
$72K
FOR EXEMPT PURPOSE
2019
$14K
PROGRAM SUPPORT
2019
$8K
For grant recipient's exempt purposes
2019
$800K
GENERAL OPERATIONAL SUPPORT
2018
$65K
FOR EXEMPT PURPOSE
2018
$50K
GENERAL OPERATIONAL SUPPORT
2018
$20K
GENERAL OPERATIONAL SUPPORT
2018
$12K
PROGRAM SUPPORT
2018
$12K
For grant recipient's exempt purposes
2018
$10K
GENERAL OPERATIONAL SUPPORT
2018
$10K
GENERAL OPERATIONAL SUPPORT
2018
$10K
GENERAL OPERATIONAL SUPPORT
2018
$6K
GENERAL OPERATIONAL SUPPORT
2018
$5K
GENERAL OPERATIONAL SUPPORT
2018
$5K
GENERAL OPERATIONAL SUPPORT
2018
$5K
GENERAL OPERATIONAL SUPPORT
2018
$3K
GENERAL OPERATIONAL SUPPORT
2018
$2K
GENERAL OPERATIONAL SUPPORT
2018
$2K
GENERAL OPERATIONAL SUPPORT
2018
$2K
GENERAL OPERATIONAL SUPPORT
2018
$2K
GENERAL OPERATIONAL SUPPORT
2018
$2K
GENERAL OPERATIONAL SUPPORT
2018
$2K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$1K
GENERAL OPERATIONAL SUPPORT
2018
$72K
FOR EXEMPT PURPOSE
2017
$17K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$5.6M from 15 funders · 69 grants · 2017–2024

Community Foundation

$3.1M · 29 grants · 2018–2024

The Childrens Scholarship Fund

$555K · 5 grants · 2019–2024

Jewish Foundation Of Memphis

$494K · 7 grants · 2017–2023

Christian Community Foundation Of

$316K · 6 grants · 2018–2023

Fidelity Investments Charitable Gift Fund

$264K · 8 grants · 2017–2023

Fleetwood Foundation Inc

$250K · 1 grant · 2023

Donor Advised Charitable Giving Inc

$172K · 3 grants · 2021–2023

The Canale Foundation Inc

$100K · 1 grant · 2023

Details

EIN621723618
NTEE codeB82
Subsection03
Ruling date1998-04
Formed1998
Employees4
Volunteers20
MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC — Mission, Financials & Grants Received | Grantivo