Entrepreneurs Scholarship Program FY2021 filing

Tax-deductible

Desoto, TX501(c)(3)EducationEIN 81-4347265Revenue $58K in FY2021

On file with the IRSesume.org1805 N Westmoreland Rd, 75115-2269 · Desoto, TXTax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Provided scholarships between 10005000 to asssit students of low income families in dfwtx area in obtaining postsecondary education

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$10K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
4 of 5
filings with a surplus
Average surplus $18K a year · 21% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
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
$58K
+48% vs prior year
Spent
$57K
To programs
100%
Net assets
$0
By yearFY2020–FY2024
Revenue
$58K
FY2021▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2020$39K
FY2021$58K
FY2022$70K
FY2023$132K
FY2024$115K
Expenses
$57K
FY2021▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2020$35K
FY2021$57K
FY2022$83K
FY2023$81K
FY2024$70K
Net assets
$0
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$206K
FY2023$206K
FY2024$282K

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 Apr 2017.

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% · $57K Management & general 22% · $13K

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

18 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
$4,750Pt VII · Sec A
$4,750Pt VII · Sec A
Marketing Director
$450Pt VII · Sec A
Marketing Director
$450Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rakesia S Williams’s $9K as Director is at the 8th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rakesia S Williams$9,000$375$6,250$4,750—
Jibreel a Rashad———$450$75

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Entrepreneurs Scholarship Program 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

Awards scholarships to low-income DFW students for postsecondary education.

Provided by the organization

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2 programs · $178K · in their own filed words · FY2021
01

The Largest Program Services The Entrepreneurs Program was able to accomplish was to raise $37,250 in 2021 (During a Pandimic). This revenue provided financial assistence in the form of scholarships to twenty-four low income families in the DFW (Dallas / Ft.Worth, TX)area so they could send their Sons or Daughters to a Post Secondary…

$89Kprogram expense
02

The Largest Program Services The Entrepreneurs Program was able to accomplish was to raise $37,250 in 2021 (During a Pandimic). This revenue provided financial assistence in the form of scholarships to twenty-four low income families in the DFW (Dallas / Ft.Worth, TX)area so they could send their Sons or Daughters to a Post Secondary…

$89Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 1 grant · $37K · 2021–2021
Unitemized GrantFY2021$37,250

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$58K
Ln 12
Gifts and grantsLn 1h$72K
Money outPt IX
$57K
Ln 25
Programscol B$57K
Managementcol C$13K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$72K
Total revenueLn 12$58K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 52
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $115K$70K$45K$282K 990 PDF
FY2023 $132K$81K$51K$206K 990 PDF
FY2022 $70K$83K−$13K$206K 990 PDF
FY2021 Viewing $58K$57K$1K$0 990 PDF
FY2020 $39K$35K$5K$0 990 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 (1 part)
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes

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

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