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Hendrick Scholarship Foundation

Tax-deductible

Plano, TX501(c)(3)EducationEIN 75-2376396

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The mission of the Hendrick Scholarship Foundation is to provide the means for qualified students who have experienced adversities to enroll in college and, with continued moral and financial encouragement and support, to graduate.

501(c)(3) charity; gifts are tax-deductible.
23¢ of each $1 spent went to programs.
Run by 115 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $111K a year · 26% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
23%
of spending
Concern: 23% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
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
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$578K
+106% vs prior year
Spent
$299K
To programs
23%
Net assets
$722K
By yearFY2020–FY2022
Revenue
$578K
FY2022▲ +106%
Revenue by fiscal year
FY2020$280K
FY2022$578K
Expenses
$299K
FY2022▼ -11%
Expenses by fiscal year
FY2020$336K
FY2022$299K
Net assets
$722K
FY2022▲ +151%
Net assets by fiscal year
FY2020$288K
FY2022$722K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Aug 1991.

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

Where the money goes

23 cents of each dollar spent went to programs.

Program services 23% · $68K Management & general 18% · $53K Fundraising 5% · $16K

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

22 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Tim Boobar
Board Member
$0Pt VII · Sec A
Jean Callison
President
$0Pt VII · Sec A
Mary Jo Dean
Immediate PA
$0Pt VII · Sec A
Garry Evans
Board Member
$0Pt VII · Sec A
Rutledge Haggard
Chair Emerit
$0Pt VII · Sec A
Bob Kehr
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Berk Smith
Vice Preside
$0Pt VII · Sec A
See Hendrick Scholarship Foundation 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

Helps students overcome adversity to attend and graduate college.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2021.
01

Hendrick scholarship students need help with funding their college education as well as emotional encouragement to reach their educational and life potential. Hendrick foundation's grants pay for tuition, fees, and books to help to locate resources to deal with issues such as transportation, employment, or housing.

Pt IX · col B

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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 · received and paid
Grants received · FY2025
Sam Field Foster FoundationFY2025$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 2 grants · $199K · 2020–2021
Unitemized GrantFY2021$68,409
Unitemized GrantFY2020$130,461

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$578K
Ln 12
Other incomeLn 4–11$432K
Gifts and grantsLn 1h$145K
Investment incomeLn 3$534
Money outPt IX
$299K
Ln 25
Programscol B$68K
Managementcol C$53K
Fundraisingcol D$16K
Owns and owesPt X
$722K
net assets · Ln 32
Cash and savingsLn 1–2$383K
Total assetsLn 16$723K
LiabilitiesLn 26$0
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$145K
Noncash giftsLn 1g$18K
Investment incomeLn 3$534
Other incomeLn 4–11$432K
Total revenueLn 12$578K
Assets in detailPt X, end of year
CashLn 1$144K
SavingsLn 2$239K
Cash and savings togetherLn 1–2$383K
Total assetsLn 16$723K
LiabilitiesLn 26$0
Net assetsLn 32$722K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6115
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$290K$383K
Total assetsLn 16$296K$409K
LiabilitiesLn 26$8K$0
Net assetsLn 32$288K$409K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$68K$68K
Other salaries and wagesLn 7$26K$26K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$125$125
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$5K$5K
OccupancyLn 16$12K$12K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$138K$68K$53K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $578K$299K$279K$722K 990 PDF
FY2021 Not on file
FY2020 $280K$336K−$56K$288K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $259,236 across 6 lines filed
VIII-1f All other contributions, gifts and grants$145,127
VIII-1g Noncash contributions (included above)$18,387
VIII-1h Total contributions, gifts and grants$145,127
VIII-3 Investment incomeExcluded from tax $534$534
VIII-8 Net income from fundraising events$113,575
VIII-12 Total revenueExcluded from tax $534$259,236
Part IX · Statement of functional expenses $137,692 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $68,409$68,409
IX-7 Other salaries and wagesManagement $25,752$25,752
IX-10 Payroll taxesManagement $1,970$1,970
IX-11c Accounting feesManagement $5,176$5,176
IX-11f Investment management feesManagement $125$125
IX-11g Other fees for servicesFundraising $14,538$14,538
IX-12 Advertising and promotionFundraising $1,291$1,291
IX-13 Office expensesManagement $4,593$4,593
IX-16 OccupancyManagement $12,232$12,232
IX-23 InsuranceManagement $3,606$3,606
IX-25 Total functional expensesPrograms $68,409 · Management $53,454 · Fundraising $15,829$137,692
Part X · Balance sheet $409,400 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $57,116$144,176
X-2 Savings and temporary cash investmentsStart of year $233,062$238,916
X-9 Prepaid expenses and deferred charges$26,308
X-16 Total assetsStart of year $296,228$409,400
X-26 Total liabilitiesStart of year $8,372$0
X-27 Net assets without donor restrictionsStart of year $280,568$405,112
X-28 Net assets with donor restrictionsStart of year $7,288$4,288
X-32 Total net assets or fund balancesStart of year $287,856$409,400
X-33 Total liabilities and net assetsStart of year $296,228$409,400
Part XI · Reconciliation of net assets $409,400 net assets at year end
XI-1 Total revenue$259,236
XI-2 Total expenses$137,692
XI-3 Revenue less expenses$121,544
XI-4 Net assets at start of year$287,856
XI-10 Net assets at end of year$409,400

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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