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Scott Foundation INC EIN 72-6027563 Form 990 (PDF) Claim this org

Scott Foundation INC

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A private foundation based in Monroe, LA. It reported about $968K in revenue for 2023. For fiscal year 2024 it reported $968K in revenue, $1.0M in expenses, and $17.6M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Monroe, LA
Filings
5 on file (2020–2024)
Revenue
$968KFY2024
Expenses
$1.0M
Net assets
$17.6M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  72-6027563 Private foundation / grantmaker Monroe, LA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Monroe, LA. It reported about $968K in revenue for 2023.
Leadership
Betty S Cummins · Chairperson
Money in and out
$968K revenue, $1.0M expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$968K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$17.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Total assets
17.6M
deployed as grants and operations
Grants paid
856K
in FY2024
Grants made
256grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 256 grants · $856K · 2023–2023
Thomas H & Scott Charitable FundFY2023$150,000
United Way of Northeast LaFY2023$55,750
St Jude Children's Research Hospital INCTN · FY2023$51,815
Pilots for PatientsLA · FY2023$50,500
M D Anderson Cancer ResearchFY2023$50,000
Louisiana Baptist Children's HomeFY2023$24,500
Rays of SonshineLA · FY2023$20,000
Louisiana State University - Baton RougeFY2023$17,500
Middle Tennessee State UniversityFY2023$15,500
The Bridge Alzheimer's & DementiaFY2023$15,000
St Paul's United Methodist ChurchFY2023$11,000
University of Tennessee at KnoxvileeFY2023$10,000
University of Louisiana at Lafayette Alumni Association INCLA · FY2023$10,000
The Highland CenterFY2023$10,000
Tennessee State UniversityTN · FY2023$10,000
St Francis Medical Center Foundation INCLA · FY2023$10,000
Southern ArkansasFY2023$10,000
Ouachita Council on Aging INCLA · FY2023$10,000
See all 256 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV83
Average grantPart XV$3K
Median grantPart XV$500
Largest grantPart XV$150K
Top cause focusNTEEHuman Services (6%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$968K
FY2024▲ +9%
Expenses
$1.0M
FY2024▲ +4%
Total assets
$17.6M
FY2024▲ +9%
Total liabilities
$0
FY2024
Total revenue
$968K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$17.6M
Pt X · Ln 32
Total assetsPt II$17.6M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CScott Foundation INC
EINHdr · item D72-6027563
Principal addressHdr · item CMonroe, LA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Betty S Cummins
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Scott Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income$516K · 53%
Contributions & grants$472K · 49%
Investment income53%$516K
Contributions & grants49%$472K
Total revenueLn 12$968K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.85 Operating & administrative $0.15
Grants & contributions paid85%$856K
Operating & administrative15%$152K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$59K
Total assetsLn 16$17.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$17.6M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $17.6M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $968K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $968K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $968K · Prior year $887K
+9%
Revenue CAGR
FY2019 $694K · FY2023 $968K
+9%
Net-asset trend (YoY)
End of year $17.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $968K · Expenses $1.0M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $17.6M
—
Net-asset ratio
Net assets $17.6M · Total assets $17.6M
100%
People & payroll
Highest Reported Total Compensation
Individual Betty S Cummins · Reported title CHAIRPERSON · Highest reported compensation $0 · Total expenses $1.0M
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$968K revenue · viewing · ⤓ 990 PDF
FY2023$887K revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$694K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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