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Don Wright Memorial Scholarship INC

IRS exemption revoked

Rock Island, ILUnknown exempt organizationEIN 27-0395584

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Award annual one time Scholarship to a rock island track athlete to further his or her education. To have an annual fund raiser to achieve that goal. To provide this Scholarship in the memory of Don Wright and his service to his country.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $15K a year · 60% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31K
+75% vs prior year
Spent
$10K
To programs
100%
Net assets
$141K
By yearFY2020–FY2021
Revenue
$31K
FY2021▲ +75%
Revenue by fiscal year
FY2020$18K
FY2021$31K
Expenses
$10K
FY2021▲ +21%
Expenses by fiscal year
FY2020$9K
FY2021$10K
Net assets
$141K
FY2021▲ +17%
Net assets by fiscal year
FY2020$120K
FY2021$141K

From the FY2021 Form 990 (year ending May 2021) · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on October 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $10K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Robert Hotle
Director
$0Pt VII · Sec A
Jeff Edwards
Secretary
$0Pt VII · Sec A
Lee Nelson
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Don Wright Memorial Scholarship INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to Rock Island track athletes in memory of Don Wright.

Provided by the organization

This section is blank until Don Wright Memorial Scholarship INC claims this page.

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1 program service account for $10K of program spending, described in the organization's own filed words · FY2020.
01

Scholarships presented to deserving students who intend to continue their education after high school.

$10Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$5
Total grants receivedfrom 1 funder$5

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$31K
Ln 12
Investment incomeLn 3$23K
Gifts and grantsLn 1h$7K
Money outPt IX
$10K
Ln 25
Programscol B$10K
Owns and owesPt X
$141K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$141K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Investment incomeLn 3$23K
Total revenueLn 12$31K
Assets in detailPt X, end of year
SavingsLn 2$7K
Cash and savings togetherLn 1–2$7K
InvestmentsLn 11–13$134K
Total assetsLn 16$141K
LiabilitiesLn 26$0
Net assetsLn 32$141K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$10K$7K
InvestmentsLn 11–13$110K$134K
Total assetsLn 16$120K$141K
LiabilitiesLn 26$0$0
Net assetsLn 32$120K$141K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10K$10K
Other expenses (24a–d)Ln 24$441$441
Total functional expensesLn 25$10K$10K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $31K$10K$20K$141K 990 PDF
FY2020 $18K$9K$9K$120K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $30,758 across 4 lines filed
VIII-1f All other contributions, gifts and grants$7,455
VIII-1h Total contributions, gifts and grants$7,455
VIII-3 Investment incomeRelated to mission $23,303$23,303
VIII-12 Total revenueRelated to mission $23,303 · Unrelated business $0 · Excluded from tax $0$30,758
Part IX · Statement of functional expenses $10,441 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-24 Other expenses (24a–d)Programs $441$441
IX-25 Total functional expensesPrograms $10,441 · Management $0 · Fundraising $0$10,441
Part X · Balance sheet $140,660 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $9,513$6,528
X-11 Publicly traded securitiesStart of year $110,237$134,132
X-16 Total assetsStart of year $119,750$140,660
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $119,750$140,660
X-33 Total liabilities and net assetsStart of year $119,750$140,660
Part XI · Reconciliation of net assets $140,660 net assets at year end
XI-1 Total revenue$30,758
XI-2 Total expenses$10,441
XI-3 Revenue less expenses$20,317
XI-4 Net assets at start of year$119,750
XI-5 Net unrealized gains (losses) on investments$593
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$140,660

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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