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Raymond Michael Cooley Memorial 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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$13.8k (2024)

Expenses
$36.2k (2024)

Total Assets
$436k (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 Aug.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,809
Expenses
$36,159
Net Income
-$22,350
Net Assets
$435,738
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,790
78.1%
Sales of Assets $3,019
21.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,753
85.0%
Compensation of Officers* $10,505
29.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $435,738
Total Liabilities $0
Net Assets $435,738
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $10,505 $0

Document Links

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,917
Expenses
$17,639
Net Income
-$19,556
Net Assets
$458,107
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $823
Dividends $9,198
Sales of Assets -$11,938
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,944
96.1%
Compensation of Officers* $889
5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $458,107
Total Liabilities $0
Net Assets $458,107
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $889 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$247,642
Expenses
$19,161
Net Income
$228,481
Net Assets
$477,727
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $237,063
95.7%
Interest Revenue $178
0.1%
Dividends $5,274
2.1%
Sales of Assets $5,127
2.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,800
98.1%
Compensation of Officers* $600
3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $477,727
Total Liabilities $0
Net Assets $477,727
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $600 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$170,665
Expenses
$6,355
Net Income
$164,310
Net Assets
$249,437
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $163,253
95.7%
Interest Revenue $0
Dividends $1,558
0.9%
Sales of Assets $5,854
3.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,794
91.2%
Compensation of Officers* $588
9.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $249,437
Total Liabilities $0
Net Assets $249,437
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $588 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,584
Expenses
$4,720
Net Income
$3,864
Net Assets
$85,174
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50
0.6%
Interest Revenue $0
Dividends $2,382
27.7%
Sales of Assets $6,152
71.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,072
86.3%
Compensation of Officers* $600
12.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $85,175
Total Liabilities $1
Net Assets $85,174
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $600 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,697
Expenses
$4,255
Net Income
-$558
Net Assets
$81,315
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $415
11.2%
Interest Revenue $0
Dividends $2,560
69.2%
Sales of Assets $722
19.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,500
82.3%
Compensation of Officers* $600
14.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $81,315
Total Liabilities $0
Net Assets $81,315
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $600 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,007
Expenses
$1,953
Net Income
$3,054
Net Assets
$81,872
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,172
43.4%
Sales of Assets $2,835
56.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,250
64.0%
Compensation of Officers* $600
30.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $81,872
Total Liabilities $0
Net Assets $81,872
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $600 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,269
Expenses
$3,880
Net Income
-$611
Net Assets
$78,697
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,131
65.2%
Sales of Assets $1,113
34.0%
Other Income $25
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,250
83.8%
Compensation of Officers* $600
15.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $78,697
Total Liabilities $0
Net Assets $78,697
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $600 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,919
Expenses
$7,161
Net Income
-$3,242
Net Assets
$79,306
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,200
56.1%
Interest Revenue $0
Dividends $2,336
59.6%
Sales of Assets -$657
Other Income $40
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,500
90.8%
Compensation of Officers* $600
8.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $79,306
Total Liabilities $0
Net Assets $79,306
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $600 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,881
Expenses
$6,333
Net Income
-$452
Net Assets
$82,506
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200
3.4%
Interest Revenue $91
1.5%
Dividends $2,596
44.1%
Sales of Assets $2,994
50.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,500
86.8%
Compensation of Officers* $600
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 $82,506
Total Liabilities $0
Net Assets $82,506
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $600 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,256
Expenses
$5,653
Net Income
$6,603
Net Assets
$82,988
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $187
1.5%
Dividends $1,977
16.1%
Sales of Assets $10,092
82.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,000
88.4%
Compensation of Officers* $600
10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $82,988
Total Liabilities $0
Net Assets $82,988
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $600 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,467
Expenses
$6,141
Net Income
-$674
Net Assets
$76,261
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,500
27.4%
Interest Revenue $97
1.8%
Dividends $2,072
37.9%
Sales of Assets $1,779
32.5%
Other Income $19
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,500
89.6%
Compensation of Officers* $600
9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $76,262
Total Liabilities $1
Net Assets $76,261

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,148
Expenses
$5,729
Net Income
-$581
Net Assets
$76,835
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
19.4%
Interest Revenue $0
Dividends $2,372
46.1%
Sales of Assets $1,776
34.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,000
87.3%
Compensation of Officers* $600
10.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $76,836
Total Liabilities $1
Net Assets $76,835

Document Links

Fiscal Year Ending Aug.
2011

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 Aug.
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 Aug.
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 Aug.
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 Aug.
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

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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.

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Types of Nonprofits

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