The Etowah Scholarship FoundationInc

EIN: 581512861 501(c)(3)

Cartersville, GA

Total Revenue
$463,876
Total Expenses
$554,416
Total Assets
$3,021,442
Net Assets
$3,019,837
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
GA
Principal Officer
Denise Castro CPA
Phone
7703821757
Tax Period
2023-01-01 to 2023-12-31

The Etowah Scholarship FoundationInc, founded in 1983, is a small nonprofit that reported $464K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $554K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF THE ETOWAH SCHOLARSHIP FOUNDATION IS TO EXPAND POST-SECONDARY EDUCATIONAL OPPORTUNITIES FOR STUDENTS THROUGH COMMUNITY FUNDED AND FOUNDATION SCHOLARSHIPS THAT RESULT IN A CELEBRATION OF EDUCATIONAL SUCCESSES AND IN A POSITVE IMPACT ON THE QUALITY OF LIFE FOR CITIZENS OF OUR COMMUNITY

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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 $343,184
Program Service Revenue $0
Investment Income $68,937
Other Revenue $51,755
TOTAL REVENUE $463,876

Expense Breakdown

Grants Paid $241,000
Salaries & Benefits $191,016
Fundraising Expenses $41,445
Program Expenses $433,706
Other Expenses $122,400
TOTAL EXPENSES $554,416

Year-over-Year Comparison

2023 2022 Change
Revenue $463,876 $567,215 -0.2%
Expenses $554,416 $478,278 +0.2%
Net Income $-90,540 $88,937 -2.0%
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
16
Independent Members
16
Employees
6
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
3
$0
Total Directors
17
$51,374
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Catrice Hufstetler Past-Chair 2.00
Director
$0 $0 $0
Mecole Ledbetter Chair Elect 1.00
Director
$0 $0 $0
Frank Bennett Secretary 1.00
Officer Director
$0 $0 $0
Mike Fields Chairman 2.00
Officer Director
$0 $0 $0
Earnestine Jones Board Member 1.00
Director
$0 $0 $0
Derek Keeney Director Ex-Officio 1.00
Director
$0 $0 $0
Greg Free Development Chair 1.00
Director
$0 $0 $0
Benny McDonald Board Member 1.00
Director
$0 $0 $0
Carla Mahan Board Member 1.00
Director
$0 $0 $0
Tiffany Tindall Chairman of Personnel 1.00
Director
$0 $0 $0
Lee Burger Board Member 1.00
Director
$0 $0 $0
Nick Whorton Development Chair 1.00
Director
$0 $0 $0
Robert Walker Treasurer 1.00
Officer Director
$0 $0 $0
Maria Meza Board Member 1.00
Director
$0 $0 $0
Katie Parker-Obrecht Board Member 1.00
Director
$0 $0 $0
Amanda Rice Board Member 1.00
Director
$0 $0 $0
Dorothy L Welch Executive Director N/A
Director
$51,374 $0 $51,374
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 $463,876 $554,416 $3,021,442 $-90,540
2022 $567,215 $478,278 $2,888,472 $88,937
2021 $533,116 $351,752 $3,337,739 $181,364
2020 $342,853 $385,705 $3,102,971 $-42,852
2019 $330,550 $423,444 $2,853,265 $-92,894
2018 $345,155 $374,142 $2,479,118 $-28,987
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