Oscar N Edge Scholarship Foundation

Overview

The Oscar N Edge Scholarship Foundation is a private foundation located in Troy, Alabama. It has been a tax-exempt organization since May 1983, with the Employer Identification Number (EIN) 63-0835559. The foundation is dedicated to providing educational resources, particularly to students in Pike County, Alabama[1][2].

Purpose and Mission

The foundation's primary mission is to support students in furthering their education. It achieves this by offering scholarships, which are essential for helping individuals pursue higher education goals. The exact history of the foundation is not detailed, but its focus on educational support aligns with broader charitable objectives in the United States[2].

Financial Operations

As a private foundation, the Oscar N Edge Scholarship Foundation is required to file Form 990-PF annually with the Internal Revenue Service (IRS). In recent years, the foundation's revenue has primarily come from contributions received and interest revenue. For instance, in the fiscal year ending May 2023, the foundation reported $32,402 from contributions and $5,432 from interest revenue, totaling almost $38,000 in income. The foundation also reported significant charitable disbursements, often exceeding its total income[1].

In 2023, the foundation contributed $84,305 in grants, according to available financial data. This signifies a strong commitment to its educational mission, supporting students through various scholarship programs[4].

Governance and Leadership

The foundation operates under a leadership structure that includes a president, vice president, and secretary. In recent years, key positions have been held by individuals like Judge Michael T. Bunn (President), Cynthia Thomas (Vice President), and Dr. Mark Bazzell (Secretary). Notably, these officers and key employees do not receive compensation for their roles[1].

Assets and Liabilities

The Oscar N Edge Scholarship Foundation maintains a substantial asset base. As of the fiscal year ending May 2023, the foundation reported total assets of approximately $1.52 million and liabilities of about $37,733[1]. This financial stability ensures the foundation's ability to sustain its scholarship programs over time.

Overall, the Oscar N Edge Scholarship Foundation plays a vital role in supporting educational opportunities in Pike County, Alabama, and its financial structure highlights its commitment to charitable educational purposes.