EUGENE MCDERMOTT SCHOLARS PROGRAM ALUMNI ASSOCIATION

EIN: 454669259 501(c)(3) Education

RICHARDSON, TX

Total Revenue
$103,058
Total Expenses
$50,426
Total Assets
$1,205,927
Net Assets
$1,205,927
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TX
Principal Officer
GRACE MCCLURE
Phone
5127969955
Tax Period
2024-01-01 to 2024-12-31

EUGENE MCDERMOTT SCHOLARS PROGRAM ALUMNI ASSOCIATION, founded in 2012, is a small nonprofit in the Education sector that reported $103K in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 51% operating margin.

Mission

THE MISSION STATEMENTS OF THE ASSOCIATION ARE (A) TO IMPROVE THE QUALITY OF STUDENT EXPERIENCE BY MENTORING & EMPOWERING FUTURE GENERATIONS OF SCHOLARS (B)TO PROVIDE COMMUNITY & DIRECTION BY ADVISING THE EUGENE MCDERMOTT SCHOLARS PROGRAM, AND (C) TO CONTRIBUTE, IN COLLABORATION WITH THE UNIVERSITY OF TEXAS AT DALLAS'S ALUMNI ASSOCIATION, TO THE PROGRESS & DEVELOPMENT OF THE UNIVERSITY OF TEXAS AT DALLAS & THE GREATER DALLAS COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $7,500

UT DALLAS:THIS GRANT WAS IN SUPPORT OF THE UT DALLAS INTERNATIONAL STUDENTS AND SCHOLARS OFFICE, WHICH SUPPORTS ALL INTERNATIONAL STUDENTS STUDYING AT UTD, ESPECIALLY WITH EMERGENCY ESSENTIAL NEEDS.

Program 2
Expenses: $7,500

UT DALLAS: THIS GRANT WAS IN SUPPORT OF THE FUTURE COMETS PROGRAM, A PROGRAM OF THE UT DALLAS MULTICULTURAL CENTER. THE FUTURE COMETS PROGRAM HELPS RISING 8TH GRADE STUDENTS WITH MATH ENRICHMENT...

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UT DALLAS: THIS GRANT WAS IN SUPPORT OF THE FUTURE COMETS PROGRAM, A PROGRAM OF THE UT DALLAS MULTICULTURAL CENTER. THE FUTURE COMETS PROGRAM HELPS RISING 8TH GRADE STUDENTS WITH MATH ENRICHMENT CLASSES, LEADERSHIP DEVELOPMENT WORKSHOPS, AND ACTIVITIES DESIGNED TO INTRODUCE STUDENTS TO STEM CAREERS. THIS PROGRAM FULFILLS EMSPAA'S MISSION OF SUPPORTING THE UNIVERSITY AND PROGRAM BY SUPPORTING THE DEVELOPMENT OF EXCELLENT FUTURE APPLICANTS.

Program 3
Expenses: $7,500

UT DALLAS:THIS GRANT WAS IN SUPPORT OF INTELLICHOICE, A NONPROFIT MATH TUTORING PROGRAM STARTED BY UT DALLAS PROFESSOR DR. GIL LEE WHICH SERVES DISADVANTAGED STUDENTS IN THE AREA SURROUNDING UT...

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UT DALLAS:THIS GRANT WAS IN SUPPORT OF INTELLICHOICE, A NONPROFIT MATH TUTORING PROGRAM STARTED BY UT DALLAS PROFESSOR DR. GIL LEE WHICH SERVES DISADVANTAGED STUDENTS IN THE AREA SURROUNDING UT DALLAS AND ENCOURAGING THEM TO EXPLORE A FUTURE COLLEGE EDUCATION WITH UT DALLAS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,369
Program Service Revenue $0
Investment Income $91,689
Other Revenue $0
TOTAL REVENUE $103,058

Expense Breakdown

Grants Paid $27,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,500
Other Expenses $22,926
TOTAL EXPENSES $50,426

Year-over-Year Comparison

2024 2023 Change
Revenue $103,058 $45,385 +1.3%
Expenses $50,426 $29,386 +0.7%
Net Income $52,632 $15,999 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRACE MCCLURE PRESIDENT 6.00
Officer Director
$0 $0 $0
ELIZABETH HELFRICH SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL SEELIGSON TREASURER 1.00
Officer Director
$0 $0 $0
REILLY MARTINEZ VP DEVELOPMENT 2.00
Officer Director
$0 $0 $0
MAC HIRD GRANTS & SPECIAL VENTURES 1.00
Director
$0 $0 $0
TAYLOR DAVIS COMMUNICATIONS 1.00
Director
$0 $0 $0
HANS AJIEREN PROGRAMS & EVENTS 2.00
Director
$0 $0 $0
MONICA NIEWIAROWSKI LEGAL 2.50
Director
$0 $0 $0
STEPHEN BADGER RECRUITMENT & SELECTION 1.00
Director
$0 $0 $0
MORGANNE BLAYLOCK EQUITY & OPPORTUNITIES 1.00
Director
$0 $0 $0
ROBERT JANECKA FINANCE & INVESTMENT 0.50
Director
$0 $0 $0
RYAN MARCOTTE FINANCE & INVESTMENT 0.50
Director
$0 $0 $0
MONICA LOU MEMBERSHIP 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $103,058 $50,426 $1,205,927 $52,632
2023 $45,385 $29,386 $1,153,295 $15,999
2022 $55,905 $55,092 $1,137,296 $813
2021 $165,188 $104,973 $1,136,483 $60,215
2020 $72,184 $63,601 $1,076,268 $8,583
2019 $57,392 $42,852 $1,067,685 $14,540
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