NC FARM BUREAU R FLAKE SHAW MEMORIAL SCHOLARSHIP FUND INC

EIN: 566091169 501(c)(3) Food, Agriculture & Nutrition

RALEIGH, NC

Total Revenue
$256,452
Total Expenses
$135,948
Total Assets
$2,821,379
Net Assets
$2,821,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NC
Principal Officer
W SHAWN HARDING
Phone
9197821705
Tax Period
2023-01-01 to 2023-12-31

NC FARM BUREAU R FLAKE SHAW MEMORIAL SCHOLARSHIP FUND INC, founded in 1965, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $256K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $121K, a strong 47% operating margin.

Mission

GRANTING EDUCATIONAL SCHOLARSHIPS TO DESERVING INDIVIDUALS IN THE FIELD OF AGRICULTURE AND LIFE SCIENCES. 38 INDIVIDUALS RECEIVED SCHOLARSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $140,290
Program Service Revenue $0
Investment Income $63,066
Other Revenue $53,096
TOTAL REVENUE $256,452

Expense Breakdown

Grants Paid $124,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $135,948
Other Expenses $11,198
TOTAL EXPENSES $135,948

Year-over-Year Comparison

2023 2022 Change
Revenue $256,452 $236,457 +0.1%
Expenses $135,948 $117,513 +0.2%
Net Income $120,504 $118,944 +0.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
30

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W SHAWN HARDING PRESIDENT N/A
Officer
$0 $0 $0
PHILLIP J PARKER JR SECTRETARY N/A
Officer
$0 $0 $0
PERRY L CRUTCHFIELD FORMER TREAS N/A
Officer
$0 $0 $0
MATT CURRIN TREASURER N/A
Officer
$0 $0 $0
ELAINE FRYAR DIRECTOR N/A
Director
$0 $0 $0
KIRK MATHIS DIRECTOR N/A
Director
$0 $0 $0
JERRY WYANT DIRECTOR N/A
Director
$0 $0 $0
GWEN PITT DIRECTOR N/A
Director
$0 $0 $0
L M SIMMONS DIRECTOR N/A
Director
$0 $0 $0
LARRY TAYLOR DIRECTOR N/A
Director
$0 $0 $0
RICHARD WHITAKER DIRECTOR N/A
Director
$0 $0 $0
SCOTT WHITFORD VICE PRESIDE N/A
Director
$0 $0 $0
HARRELL D OVERMAN DIRECTOR N/A
Director
$0 $0 $0
JACKIE THOMPSON SR DIRECTOR N/A
Director
$0 $0 $0
DONALD SMART DIRECTOR N/A
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 No data No data No data No data
2023 $256,452 $135,948 $2,821,379 $120,504
2022 $236,457 $117,513 $2,633,885 $118,944
2021 $324,503 $117,152 $2,665,335 $207,351
2020 $132,473 $98,704 $2,457,984 $33,769
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