Marvin B Smith Jr Memorial Scholarships Trust

Greensboro, NC
Tax-exempt since Sept. 1961
EIN: 56-6048318

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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

$59.2k (2025)

Expenses

$64.3k (2025)

Total Assets

$788k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

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
2025

Revenue

$59,157

Expenses

$64,262

Net Income

-$5,105

Net Assets

$787,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$35,602	60.2%
Sales of Assets	$23,555	39.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,551	81.8%
Compensation of Officers*	$11,786	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	$787,983
Total Liabilities	$0
Net Assets	$787,983

Compensation

Key Employees and Officers	Compensation	Other
Trust Company Of The South (Trustee)	$11,786	$0

990-PF

Filed on Aug. 4, 2025

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

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Schedules ▼

XML

Fiscal Year Ending June
2024

Revenue

$61,037

Expenses

$79,094

Net Income

-$18,057

Net Assets

$793,088

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$34,270	56.1%
Sales of Assets	$26,474	43.4%
Other Income	$293	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,782	88.2%
Compensation of Officers*	$9,358	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$793,088
Total Liabilities	$0
Net Assets	$793,088

Compensation

Key Employees and Officers	Compensation	Other
Trust Company Of The South (Trustee)	$9,358	$0

990-PF

Filed on Nov. 12, 2024

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

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Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$42,865

Expenses

$84,779

Net Income

-$41,914

Net Assets

$811,145

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,796	34.5%
Sales of Assets	$28,069	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,888	95.4%
Compensation of Officers*	$4,439	5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$811,145
Total Liabilities	$0
Net Assets	$811,145

Compensation

Key Employees and Officers	Compensation	Other
Trust Company Of The South Mitchell Paul (Trustee)	$4,439	$0

990-PF

Filed on May 9, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$72,016

Expenses

$96,198

Net Income

-$24,182

Net Assets

$853,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,625	35.6%
Sales of Assets	$46,391	64.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,113	85.4%
Compensation of Officers*	$9,163	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	$853,059
Total Liabilities	$0
Net Assets	$853,059

Compensation

Key Employees and Officers	Compensation	Other
Trust Company Of The South Mitchell Paul (Trustee)	$9,163	$0

990-PF

Filed on Nov. 1, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$87,653

Expenses

$102,490

Net Income

-$14,837

Net Assets

$877,241

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$31,881	36.4%
Sales of Assets	$55,725	63.6%
Other Income	$47	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$94,191	91.9%
Compensation of Officers*	$9,905	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$877,241
Total Liabilities	$0
Net Assets	$877,241

Compensation

Key Employees and Officers	Compensation	Other
Trust Company Of The South Mitchell Paul (Trustee)	$9,905	$0

990-PF

Filed on May 16, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$45,200

Expenses

$78,432

Net Income

-$33,232

Net Assets

$892,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,790	57.1%
Sales of Assets	$19,410	42.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,591	82.4%
Compensation of Officers*	$8,439	10.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$892,078
Total Liabilities	$1
Net Assets	$892,077

Compensation

Key Employees and Officers	Compensation	Other
Trust Company Of The South Mitchell Paul (Trustee)	$8,439	$0

990-PF

Filed on Nov. 9, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$37,816

Expenses

$48,657

Net Income

-$10,841

Net Assets

$925,309

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,809	76.2%
Sales of Assets	$9,007	23.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,380	85.0%
Compensation of Officers*	$8,420	17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$925,310
Total Liabilities	$1
Net Assets	$925,309

Compensation

Key Employees and Officers	Compensation	Other
Trust Company Of The South (Trustee)	$8,420	$0

990-PF

Filed on Nov. 16, 2020

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$77,420

Expenses

$73,495

Net Income

$3,925

Net Assets

$936,150

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$27,017	34.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$50,403	65.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,661	11.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$936,150
Total Liabilities	$0
Net Assets	$936,150

Compensation

Key Employees and Officers	Compensation	Related	Other
Trust Company Of The South (Trustee)	$8,661	$0	$0

990

Filed on May 13, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$60,137

Expenses

$73,506

Net Income

-$13,369

Net Assets

$932,225

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$26,394	43.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$33,743	56.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,684	10.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$932,225
Total Liabilities	$0
Net Assets	$932,225

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$80,439

Expenses

$68,698

Net Income

$11,741

Net Assets

$945,594

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$24,842	30.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$55,597	69.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,396	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$945,594
Total Liabilities	$0
Net Assets	$945,594

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$82,813

Expenses

$67,414

Net Income

$15,399

Net Assets

$933,605

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$23,874	28.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$58,939	71.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,655	8.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$933,605
Total Liabilities	$0
Net Assets	$933,605

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$65,844

Expenses

$66,974

Net Income

-$1,130

Net Assets

$918,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$26,901	40.9%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$38,943	59.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,821	8.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$918,104
Total Liabilities	$0
Net Assets	$918,104

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$70,317

Expenses

$64,880

Net Income

$5,437

Net Assets

$919,559

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,000	1.4%
Program Services	$0
Investment Income	$21,752	30.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$47,565	67.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,319	8.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$919,559
Total Liabilities	$0
Net Assets	$919,559

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$44,209

Expenses

$64,533

Net Income

-$20,324

Net Assets

$914,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,000	2.3%
Program Services	$0
Investment Income	$24,047	54.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$19,162	43.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,896	12.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$914,056
Total Liabilities	$0
Net Assets	$914,056

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$39,546

Expenses

$73,040

Net Income

-$33,494

Net Assets

$934,737

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,000	2.5%
Program Services	$0
Investment Income	$21,148	53.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$17,398	44.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,349	14.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$934,737
Total Liabilities	$0
Net Assets	$934,737

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

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Updated March 23, 2026

Marvin B Smith Jr Memorial Scholarships Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $59.2k (2025)

Expenses $64.3k (2025)

Total Assets $788k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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 Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$59.2k (2025)

Expenses

$64.3k (2025)

Total Assets

$788k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001