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Otha E Herring Scholarship Fund I

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 756690165 ✦ Orlando, FL ✦ Designated as a 501(c)(3)

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Overview

What is Otha E Herring Scholarship Fund I?

Otha E Herring Scholarship Fund I is a charitable organization situated in Orlando, Florida. Its primary mission is to provide financial aid to students enrolled at Mt. Olive College, specifically for those residing in Duplin County and Mount Olive, North Carolina. The fund offers scholarships to both full-time and part-time students, aiming to support their educational pursuits. The organization's initiatives contribute to the betterment of local students' access to higher education.

Is Otha E Herring Scholarship Fund I legitimate?

Otha E Herring Scholarship Fund I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Otha E Herring Scholarship Fund I submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $50,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Otha E Herring Scholarship Fund I?

The Otha E Herring Scholarship Fund I has a mission to provide financial aid in the form of scholarships for individuals residing in Duplin County and the town of Mount Olive, NC. These scholars are enrolled as full or part-time students at Mount Olive College. The primary objective of this fund is to support the educational aspirations of these students, thereby enabling them to pursue their academic goals. The fund aims to alleviate financial burdens and provide opportunities for higher education, fostering personal growth and community development.

Who is the CEO of Otha E Herring Scholarship Fund I?

Tim Woodward is the Trustee of Otha E Herring Scholarship Fund I.

What is the revenue of Otha E Herring Scholarship Fund I?

Otha E Herring Scholarship Fund I's revenue in 2022 was $166,693.

Who are the executives of Otha E Herring Scholarship Fund I and what are their salaries?


Here are 7 key members and their salaries:


Tim Woodward (Trustee)
  • Compensation: $0
  • Related: $104,000
  • Other: $0
Brian Blackburn (Trustee)
  • Compensation: $0
  • Related: $65,000
  • Other: $0
Lynne Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Drummond (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clark Drummond (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Buchanan (Trustee)
  • Compensation: $0
  • Related: $170,000
  • Other: $0
Truist Bank (Trustee)
  • Compensation: $50,338
  • Related: $0
  • Other: $0
Where can I find the form 990 for Otha E Herring Scholarship Fund I?

Otha E Herring Scholarship Fund I's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Otha E Herring Scholarship Fund I

The Otha E Herring Scholarship Fund I is committed to providing financial aid for students hailing from Duplin County and Mount Olive, North Carolina. This nonprofit organization focuses its mission on supporting individuals who are enrolled on a full-time or part-time basis at Mount Olive College. By offering scholarships, the Otha E Herring Scholarship Fund I aims to help these students overcome financial barriers and pursue their academic goals. The organization's mission is a testament to its dedication to fostering education and empowering students to shape their futures.

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Impact




October, 2024

The Otha E Herring Scholarship Fund I significantly impacts the education landscape for residents of Duplin County and the Town of Mount Olive, NC, by providing essential financial support to both full-time and part-time students of Mount Olive College. Through its scholarship program, it empowers local students to pursue higher education, alleviating some of the financial burdens associated with college expenses.

By facilitating access to education, the fund helps to foster a more educated community, enabling individuals to enhance their skills, increase their employability, and contribute positively to the local economy. This support not only benefits the scholarship recipients but also strengthens the social and economic fabric of the region, creating a ripple effect of opportunities for families and future generations. The Otha E Herring Scholarship Fund I champions educational aspirations, making a profound difference in the lives of many students and their communities.




This information is meant to be a general summary of Otha E Herring Scholarship Fund I. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$166,693 (2022)
Expenses
$214,604 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $166,693
  • Gross Receipts: $1,513,948

Assets and Liabilities:

  • Total Assets: $2,939,225
  • Total Liabilities: $0
  • Net Assets: $2,939,225

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Organization Details

Founding Year

2003

Principal Officer

Tim Woodward

Main Address

PO BOX 919798, ORLANDO, FL, 328919798

NTEE Category

Code: B82 - Education

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