Eugene McDermott Scholars Program Alumni Association FY2021 filing

Tax-deductible

Richardson, TX501(c)(3)EducationEIN 45-4669259Revenue $165K in FY2021

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

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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.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 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
$165K
+129% vs prior year
Spent
$105K
To programs
77%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$165K
FY2021▲ +129%
Tap a bar for its year
Revenue by fiscal year
FY2020$72K
FY2021$165K
FY2022$56K
FY2023$45K
FY2024$103K
Expenses
$105K
FY2021▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$105K
FY2022$55K
FY2023$29K
FY2024$50K
Net assets
$1.1M
FY2021▲ +6%
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 FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

77 cents of each dollar spent went to programs.

Program services 77% · $81K Management & general 23% · $24K

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

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation
President/Director
$0Pt VII · Sec A
Communications Chair/President
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
VP Development
$0Pt VII · Sec A
VP Development
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Treasurer/Finance & Investment Member
$0Pt VII · Sec A
Recruitment & Selection Ch
$0Pt VII · Sec A
See Eugene McDermott Scholars Program Alumni Association 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 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.

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Provided by the organization

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3 programs · $57K · in their own filed words · FY2021
01

The emspaa's largest grant for 2021 was to the crow museum of asian art at the university of texas at dallas(utd). The grant was in support of the crow museum of asian art's mission to inspire and promote learning and dialogue about the arts and cultures of asia through their exhibitions, the research and preservation of their…

$40Kprogram expense
02

The emspaa donated to the university of texas at dallas(utd) to help support ut dallas during "utd comets giving days". The comets giving days support a food pantry initiative that is dedicated to helping utd students in need through the provision of food and personal care items.

$10Kprogram expense
03

The emspaa made grants to brighter bites, dallas, TX. Their mission is to create healthy communities by delivering fresh fruits and vegetables directly into families' hands, teaching them how to use it and tracking their behavior changes.

$6Kprogram 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
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$165K
Ln 12
Investment incomeLn 3$136K
Gifts and grantsLn 1h$28K
Other incomeLn 4–11$378
Money outPt IX
$105K
Ln 25
Programscol B$81K
Managementcol C$24K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Investment incomeLn 3$136K
Other incomeLn 4–11$378
Gains on assetsLn 7$116K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$55K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$58K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
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 FY21End FY21
Cash and savingsLn 1–2$64K$58K
InvestmentsLn 11–13$1.0M$1.1M
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$78K$78K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$4K$4K
Conferences, conventions and meetingsLn 19$3K$3K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$30$30
Total functional expensesLn 25$105K$81K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $103K$50K$53K$1.2M 990 PDF
FY2023 $45K$29K$16K$1.2M 990 PDF
FY2022 $56K$55K$813$1.1M 990 PDF
FY2021 Viewing $165K$105K$60K$1.1M 990 PDF
FY2020 $72K$64K$9K$1.1M 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 (6 parts)
Part I · Summary $165,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,854$28,386
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $35,034$136,424
I-11 Other revenuePrior year $296$378
I-12 Total revenuePrior year $72,184$165,188
I-13 Grants and similar amounts paidPrior year $39,546$77,660
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 $24,055$27,313
I-18 Total expensesPrior year $63,601$104,973
I-19 Revenue less expensesPrior year $8,583$60,215
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 $165,188 across 6 lines filed
VIII-1f All other contributions, gifts and grants$28,386
VIII-1h Total contributions, gifts and grants$28,386
VIII-3 Investment incomeExcluded from tax $20,881$20,881
VIII-7 Net gain or loss on sales of assetsExcluded from tax $115,543$115,543
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $378$378
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $136,802$165,188
Part IX · Statement of functional expenses $104,973 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $77,660$77,660
IX-11f Investment management feesManagement $5,251$5,251
IX-11g Other fees for servicesPrograms $3,500$3,500
IX-19 Conferences, conventions and meetingsManagement $2,650$2,650
IX-23 InsuranceManagement $4,155$4,155
IX-24 Other expenses (24a–d)Management $11,727$11,727
IX-24e All other expensesManagement $30$30
IX-25 Total functional expensesPrograms $81,160 · Management $23,813 · Fundraising $0$104,973
Part X · Balance sheet $1,136,483 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $6,804$55,116
X-2 Savings and temporary cash investmentsStart of year $56,976$2,706
X-11 Publicly traded securitiesStart of year $1,012,488$1,078,661
X-16 Total assetsStart of year $1,076,268$1,136,483
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,076,268$1,136,483
X-33 Total liabilities and net assetsStart of year $1,076,268$1,136,483
Part XI · Reconciliation of net assets $1,136,483 net assets at year end
XI-1 Total revenue$165,188
XI-2 Total expenses$104,973
XI-3 Revenue less expenses$60,215
XI-4 Net assets at start of year$1,076,268
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,136,483

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

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