William Preston & Belvah Mcfadden Scholarship Fund

Paola, KS
Tax-exempt since July 1990
EIN: 48-1070866

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$86.8k (2024)

Expenses

$62.7k (2024)

Total Assets

$1.38M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2012 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 June
2024

Revenue

$86,811

Expenses

$62,746

Net Income

$24,065

Net Assets

$1,381,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$924	1.1%
Dividends	$63,357	73.0%
Sales of Assets	$22,280	25.7%
Other Income	$250	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,775	82.5%
Compensation of Officers*	$23,292	37.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,381,930
Total Liabilities	$0
Net Assets	$1,381,930

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$23,292	$0

990-PF

Filed on Jan. 16, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$40,879

Expenses

$44,883

Net Income

-$4,004

Net Assets

$1,359,863

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,252	5.5%
Dividends	$60,896	> 100%
Sales of Assets	-$24,635
Other Income	$2,366	5.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,401	70.0%
Compensation of Officers*	$21,912	48.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,359,863
Total Liabilities	$0
Net Assets	$1,359,863

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$21,912	$0

990-PF

Filed on Aug. 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$71,262

Expenses

$88,887

Net Income

-$17,625

Net Assets

$1,363,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$85,858	> 100%
Sales of Assets	-$14,596
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,105	77.7%
Compensation of Officers*	$26,293	29.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,363,869
Total Liabilities	$0
Net Assets	$1,363,869

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$26,293	$0

990-PF

Filed on Sept. 9, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2021

Revenue

$102,463

Expenses

$111,714

Net Income

-$9,251

Net Assets

$1,387,407

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$65,341	63.8%
Sales of Assets	$24,989	24.4%
Other Income	$12,133	11.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,410	76.5%
Compensation of Officers*	$25,149	22.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,387,408
Total Liabilities	$1
Net Assets	$1,387,407

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$25,149	$0

990-PF

Filed on Aug. 30, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2020

Revenue

$66,926

Expenses

$140,768

Net Income

-$73,842

Net Assets

$1,396,656

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,130	10.7%
Dividends	$67,108	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,385	78.4%
Compensation of Officers*	$23,683	16.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,396,657
Total Liabilities	$1
Net Assets	$1,396,656

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$23,683	$0

990-PF

Filed on Aug. 27, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$711,795

Expenses

$84,460

Net Income

$627,335

Net Assets

$1,470,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,056	1.1%
Dividends	$76,590	10.8%
Sales of Assets	$600,834	84.4%
Other Income	$26,315	3.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,350	71.5%
Compensation of Officers*	$20,167	23.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,470,501
Total Liabilities	$0
Net Assets	$1,470,501

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$20,167	$0

990-PF

Filed on Aug. 28, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$63,366

Expenses

$92,172

Net Income

-$28,806

Net Assets

$843,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,195	12.9%
Dividends	$45,854	72.4%
Sales of Assets	$7,353	11.6%
Other Income	$1,964	3.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,345	81.7%
Compensation of Officers*	$13,433	14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$843,166
Total Liabilities	$0
Net Assets	$843,166

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$13,433	$0

990-PF

Filed on Aug. 20, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$75,924

Expenses

$70,710

Net Income

$5,214

Net Assets

$871,972

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,716	10.2%
Dividends	$43,132	56.8%
Sales of Assets	$22,877	30.1%
Other Income	$2,199	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,425	71.3%
Compensation of Officers*	$13,409	19.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$871,972
Total Liabilities	$0
Net Assets	$871,972

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$13,409	$0

990-PF

Filed on July 31, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$49,579

Expenses

$69,472

Net Income

-$19,893

Net Assets

$866,758

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,411	14.9%
Dividends	$42,314	85.3%
Sales of Assets	-$501
Other Income	$355	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,637	91.6%
Compensation of Officers*	$12,714	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$866,758
Total Liabilities	$0
Net Assets	$866,758

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$12,714	$0

990-PF

Filed on July 20, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$87,672

Expenses

$73,304

Net Income

$14,368

Net Assets

$886,651

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,607	7.5%
Dividends	$40,449	46.1%
Sales of Assets	$40,566	46.3%
Other Income	$50	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,025	94.2%
Compensation of Officers*	$13,164	18.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$886,651
Total Liabilities	$0
Net Assets	$886,651

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$13,164	$0

990-PF

Filed on Sept. 16, 2015

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Fiscal Year Ending June
2014

Revenue

$190,193

Expenses

$56,585

Net Income

$133,608

Net Assets

$872,283

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$928	0.5%
Interest Revenue	$5,798	3.0%
Dividends	$37,663	19.8%
Sales of Assets	$145,804	76.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,458	75.0%
Compensation of Officers*	$12,485	22.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$872,283
Total Liabilities	$0
Net Assets	$872,283

Compensation

Key Employees and Officers	Compensation	Other
First Option Bank First Option Bank (Trustee)	$12,485	$0

990-PF

Filed on Oct. 9, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2013

Revenue

$85,398

Expenses

$46,999

Net Income

$38,399

Net Assets

$738,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,278	12.0%
Dividends	$31,509	36.9%
Sales of Assets	$43,611	51.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,393	94.5%
Compensation of Officers*	$10,498	22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$738,675
Total Liabilities	$1
Net Assets	$738,674

990-PF

Filed on Sept. 27, 2013

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$7,444

Expenses

$79,247

Net Income

-$71,803

Net Assets

$700,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,233	> 100%
Dividends	$29,581	> 100%
Sales of Assets	$0
Other Income	$95	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,173	92.3%
Compensation of Officers*	$7,510	9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$700,279
Total Liabilities	$1
Net Assets	$700,278

Primary tax return for a private foundation's activities, finances, and governance

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William Preston & Belvah Mcfadden Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $86.8k (2024)

Expenses $62.7k (2024)

Total Assets $1.38M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$86.8k (2024)

Expenses

$62.7k (2024)

Total Assets

$1.38M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

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2021

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2020

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2019

Fiscal Year Ending June
2018

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2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

Fiscal Year Ending June
2002