philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Eugene McDermott Scholars Program Alumni Association

Tax-deductible

Richardson, TX501(c)(3)Education EIN 45-4669259Revenue $103K in FY2024

On file with the IRSmcdermottalumni.comPo Box 830116, 75083-0116 · Richardson, TXTax-exempt since Aug 2012Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The purposes 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.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $28K a year · 31% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $186
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
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$103K
+127% vs prior year
Spent
$50K
To programs
55%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$103K
FY2024▲ +127%
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$165K
FY2022$56K
FY2023$45K
FY2024$103K
Expenses
$50K
FY2024▲ +72%
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$105K
FY2022$55K
FY2023$29K
FY2024$50K
Net assets
$1.2M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2012.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $28K Management & general 45% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Grace McClure
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Reilly Martinez
VP Development
$0Pt VII · Sec A
Mac Hird
Grants & Special Ventures
$0Pt VII · Sec A
Taylor Davis
Communications
$0Pt VII · Sec A
Hans Ajieren
Programs & Events
$0Pt VII · Sec A
$0Pt VII · Sec A
See Eugene McDermott Scholars Program Alumni Association executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers students through mentoring, advises a scholars program, and contributes to university and community progress.

Questions for Eugene McDermott Scholars Program Alumni Association

Tap to ask. Eugene McDermott Scholars Program Alumni Association sees how many people are interested.

Your first name shows with your question. Eugene McDermott Scholars Program Alumni Association answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $22K · in their own filed words · FY2024
01

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.

$8Kprogram expense
02

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.

$8Kprogram expense
03

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.

$8Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$186
Total grants receivedfrom 1 funder$186
Grants paid · 12 grants · $158K · 2020–2024
University of Texas at DallasFY2024$7,500
University of Texas at DallasFY2024$7,500
University of Texas at DallasFY2024$7,500
Crow Family Foundation INCTX · FY2023$10,000
University of Texas at DallasFY2023$7,500
Crow Family Foundation INCTX · FY2022$20,000
University of Texas at DallasFY2022$11,117
Crow Family Foundation INCTX · FY2021$40,000
University of Texas at DallasFY2021$12,380
Brighter Bites INCTX · FY2021$6,260
Crow Family Foundation INCTX · FY2020$20,000
University of Texas at DallasFY2020$8,523

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$103K
Ln 12
Investment incomeLn 3$92K
Gifts and grantsLn 1h$11K
Money outPt IX
$50K
Ln 25
Programscol B$28K
Managementcol C$23K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Investment incomeLn 3$92K
Gains on assetsLn 7$57K
Total revenueLn 12$103K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$38K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$78K$38K
InvestmentsLn 11–13$1.1M$1.2M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$28K$28K
Legal feesLn 11b$5K$5K
Investment management feesLn 11f$5K$5K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$50K$28K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $103K$50K$53K$1.2M 990 PDF
FY2023 $45K$29K$16K$1.2M 990 PDF
FY2022 $56K$55K$813$1.1M 990 PDF
FY2021 $165K$105K$60K$1.1M 990 PDF
FY2020 $72K$64K$9K$1.1M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $103,058 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,294$11,369
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $33,905$91,689
I-11 Other revenuePrior year $186$0
I-12 Total revenuePrior year $45,385$103,058
I-13 Grants and similar amounts paidPrior year $17,500$27,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,886$22,926
I-18 Total expensesPrior year $29,386$50,426
I-19 Revenue less expensesPrior year $15,999$52,632
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $103,058 across 5 lines filed
VIII-1f All other contributions, gifts and grants$11,369
VIII-1h Total contributions, gifts and grants$11,369
VIII-3 Investment incomeExcluded from tax $35,129$35,129
VIII-7 Net gain or loss on sales of assetsExcluded from tax $56,560$56,560
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $91,689$103,058
Part IX · Statement of functional expenses $50,426 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $27,500$27,500
IX-11b Legal feesManagement $5,492$5,492
IX-11f Investment management feesManagement $5,470$5,470
IX-23 InsuranceManagement $1,417$1,417
IX-24 Other expenses (24a–d)Management $10,547$10,547
IX-25 Total functional expensesPrograms $27,500 · Management $22,926 · Fundraising $0$50,426
Part X · Balance sheet $1,205,927 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $47,762$14,254
X-2 Savings and temporary cash investmentsStart of year $29,883$23,342
X-11 Publicly traded securitiesStart of year $1,075,650$1,168,331
X-16 Total assetsStart of year $1,153,295$1,205,927
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,153,295$1,205,927
X-33 Total liabilities and net assetsStart of year $1,153,295$1,205,927
Part XI · Reconciliation of net assets $1,205,927 net assets at year end
XI-1 Total revenue$103,058
XI-2 Total expenses$50,426
XI-3 Revenue less expenses$52,632
XI-4 Net assets at start of year$1,153,295
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,205,927

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.