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Worth M & Madeline C Key Scholarship Trust

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$16.4k (2024)

Expenses
$19.9k (2024)

Total Assets
$232k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,368
Expenses
$19,851
Net Income
-$3,483
Net Assets
$232,357
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,208
50.1%
Sales of Assets $8,160
49.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,440
77.8%
Compensation of Officers* $5,265
26.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $232,357
Total Liabilities $0
Net Assets $232,357
Compensation
Key Employees and Officers Compensation Other
Stifel Trust Company (Trustee) $5,265 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,463
Expenses
$17,445
Net Income
-$9,982
Net Assets
$236,268
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,760
> 100%
Sales of Assets -$452
Other Income $155
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,337
76.5%
Compensation of Officers* $4,874
27.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $236,268
Total Liabilities $0
Net Assets $236,268
Compensation
Key Employees and Officers Compensation Other
Stifel Trust Company (Trustee) $4,874 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,591
Expenses
$15,947
Net Income
-$11,356
Net Assets
$246,456
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,014
> 100%
Sales of Assets -$1,423
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,371
71.3%
Compensation of Officers* $5,117
32.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $246,456
Total Liabilities $0
Net Assets $246,456
Compensation
Key Employees and Officers Compensation Other
Stifel Trust Company (Trustee) $5,117 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,541
Expenses
$25,927
Net Income
-$6,386
Net Assets
$257,743
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,914
30.3%
Sales of Assets $13,476
69.0%
Other Income $151
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,458
82.8%
Compensation of Officers* $5,472
21.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $257,743
Total Liabilities $0
Net Assets $257,743
Compensation
Key Employees and Officers Compensation Other
Stifel Trust Compnay (Trustee) $5,472 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,254
Expenses
$19,790
Net Income
-$11,536
Net Assets
$264,106
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,338
76.8%
Sales of Assets $1,916
23.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,078
76.2%
Compensation of Officers* $5,004
25.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $264,107
Total Liabilities $1
Net Assets $264,106
Compensation
Key Employees and Officers Compensation Other
Stifel Trust Compnay (Trustee) $5,004 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$31,178
Expenses
$27,467
Net Income
$3,711
Net Assets
$275,629
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,018
19.3%
Sales of Assets $25,160
80.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,074
80.4%
Compensation of Officers* $3,797
13.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $275,630
Total Liabilities $1
Net Assets $275,629
Compensation
Key Employees and Officers Compensation Other
Stifel Trust Compnay (Trustee) $3,797 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,910
Expenses
$39,777
Net Income
-$10,867
Net Assets
$266,939
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,384
22.1%
Sales of Assets $22,525
77.9%
Other Income $1
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,800
82.5%
Compensation of Officers* $3,000
7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $266,939
Total Liabilities $0
Net Assets $266,939
Compensation
Key Employees and Officers Compensation Other
Comerica Bank & Trust Na (Trustee) $3,000 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,258
Expenses
$20,665
Net Income
$1,593
Net Assets
$277,894
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,916
31.1%
Sales of Assets $15,261
68.6%
Other Income $81
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,327
69.3%
Compensation of Officers* $3,000
14.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $277,894
Total Liabilities $0
Net Assets $277,894
Compensation
Key Employees and Officers Compensation Other
Comerica Bank Trust Na (Trustee) $3,000 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,197
Expenses
$21,472
Net Income
-$9,275
Net Assets
$275,195
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,898
48.4%
Sales of Assets $6,299
51.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,092
70.3%
Compensation of Officers* $3,000
14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $275,195
Total Liabilities $0
Net Assets $275,195
Compensation
Key Employees and Officers Compensation Other
Comerica Bank Trust Na (Trustee) $3,000 $0
Janice Spinella (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Casey Eccles (Scholarship Committee Member) $0 $0
Nancy Ezzell (Scholarship Committee Member) $0 $0
Stacey Oakes (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Tim Amon (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,241
Expenses
$15,345
Net Income
$896
Net Assets
$284,533
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,032
37.1%
Sales of Assets $10,184
62.7%
Other Income $25
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,955
58.4%
Compensation of Officers* $3,000
19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $284,533
Total Liabilities $0
Net Assets $284,533
Compensation
Key Employees and Officers Compensation Other
Comerica Bank Trust Na (Trustee) $3,000 $0
Kenyon Scott (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Lisa Shelton (Scholarship Committee Member) $0 $0
Lakisha Kidd (Scholarship Committee Member) $0 $0
Dixie Shelton Poindexter (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Christy Shelton (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,508
Expenses
$24,007
Net Income
$4,501
Net Assets
$283,090
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,421
22.5%
Sales of Assets $22,087
77.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,249
71.8%
Compensation of Officers* $3,000
12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $283,090
Total Liabilities $0
Net Assets $283,090
Compensation
Key Employees and Officers Compensation Other
Comerica Bank Trust Na (Trustee) $3,000 $0
Kenyon Scott (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Lisa Shelton (Scholarship Committee Member) $0 $0
Lakisha Kidd (Scholarship Committee Member) $0 $0
Dixie Shelton Poindexter (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Christy Shelton (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,464
Expenses
$22,163
Net Income
$16,301
Net Assets
$279,072
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,285
13.7%
Sales of Assets $33,179
86.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,599
70.4%
Compensation of Officers* $3,000
13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $279,072
Total Liabilities $0
Net Assets $279,072
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $3,000 $0
Kenyon Scott (Scholarship Committee Member) $0 $0
Vickie Murphy (Chairperson) $0 $0
Ty Gafford (Scholarship Committee Member) $0 $0
Lisa Shelton (Scholarship Committee Member) $0 $0
Lakisha Kidd (Scholarship Committee Member) $0 $0
Dixie Shelton Poindexter (Scholarship Committee Member) $0 $0
Madeline C Kay (Scholarship Committee Member) $0 $0
C Bryan Stott Fa (Scholarship Committee Member) $0 $0
Christy Shelton (Scholarship Committee Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,415
Expenses
$21,921
Net Income
-$6,506
Net Assets
$262,777
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $5,059
32.8%
Sales of Assets $10,283
66.7%
Other Income $72
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,688
71.6%
Compensation of Officers* $3,000
13.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $262,778
Total Liabilities $1
Net Assets $262,777

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,889
Expenses
$20,925
Net Income
-$10,036
Net Assets
$269,215
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $4,901
45.0%
Sales of Assets $5,969
54.8%
Other Income $18
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,450
69.1%
Compensation of Officers* $3,000
14.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $269,216
Total Liabilities $1
Net Assets $269,215

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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