Civic Intelligence

Boone Turner Scholarship Corporation

EIN 54-1783969 • 501(c)3 • Suffolk, VA

Profile

The corporation was organized exclusively for charitable and educational purposes, including student scholarships that would qualify under Section 501(c)(3) of the IRS code

PO Box 1482Suffolk, VA 23439
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

80th percentile

27%

Higher net margin than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

47%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$11,324

Up $1,131 (+11%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Up

$11,324

Up $1,131 (+11%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin80th percentile

Revenue

Up

$4,156

Up $1,330 (+47%) from 2021

Expenses

Up

$3,025

Up $1,000 (+49%) from 2021

Net Income

Up

$1,131

Up $330 (+41%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2016: $7,773Liabilities 2016: $02016Assets 2017: $8,119Liabilities 2017: $02017Assets 2018: $10,460Liabilities 2018: $02018Assets 2019: $9,317Liabilities 2019: $02019Assets 2020: $9,392Liabilities 2020: $02020Assets 2021: $10,193Liabilities 2021: $0Net Assets 2021: $10,1932021Assets 2022: $11,324Liabilities 2022: $0Net Assets 2022: $11,3242022

Highlighted filing

2022

Assets$11,324
Liabilities$0
Net Assets$11,324
Open 2022 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0K$4.0K$2.0K$0-$2.0KRevenue 2016: $3,610Expenses 2016: $1,025Net Income 2016: $2,5852016Revenue 2017: $1,371Expenses 2017: $1,025Net Income 2017: $3462017Revenue 2018: $3,365Expenses 2018: $1,025Net Income 2018: $2,3402018Revenue 2019: $882Expenses 2019: $2,025Net Income 2019: -$1,1432019Revenue 2020: $100Expenses 2020: $25Net Income 2020: $752020Revenue 2021: $2,826Expenses 2021: $2,025Net Income 2021: $8012021Revenue 2022: $4,156Expenses 2022: $3,025Net Income 2022: $1,1312022

Highlighted filing

2022

Revenue$4,156
Expenses$3,025
Net Income$1,131
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,324
Liabilities
$0
Net assets
$11,324
Revenue
$4,156
Expenses
$3,025
Net income
$1,131
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$4.16$3.03$1.13
2021Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$2.83$2.03$0.80
2020Summary only. Only limited summary data is available for this year.$9.39$0.00$0.10$0.03$0.08
2019Summary only. Only limited summary data is available for this year.$9.32$0.00$0.88$2.03$1.14
2018Summary only. Only limited summary data is available for this year.$10.5$0.00$3.37$1.03$2.34
2017Summary only. Only limited summary data is available for this year.$8.12$0.00$1.37$1.03$0.35
2016Summary only. Only limited summary data is available for this year.$7.77$0.00$3.61$1.03$2.59
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 17, 2023
Return Version
2022v5.0
Gross Receipts
$5,060
Mission and Program Overview

Mission

The corporation was organized exclusively for charitable and educational purposes, including student scholarships that would qualify under Section 501(c)(3) of the IRS code

Program Services

DescriptionGrantsExpenses
Boone Turner Scholarship Corp conducts one annual fundraiser (golf classic). The event is held in the service areas of Suffolk, Southampton,or Isle of Wight counties in Virginia. 85 percent of the time of the corporation is centered on this activity. The classic is funded by donations and golfer fees. All profits (minus expenditures needed to host the event) are used to provide scholarships for local high school students. All work by corporation members is voluntary and no stipends are provided for corporation work. A very small portion of funds collected are used for basic administrative duties (state corporation fee, banking fees, etc). 15 percent of the organizations time is spent on the selection process for the annual awarding of scholarships. This activity honors our organizational focus- exclusively for charitable and educational purposes. For the 2022 tax year- three scholarships were awarded for $1000 each.$3,000$3,025
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maurice ByrdCorresponding Ssecretary-$0--
Landon MialesChairman-$0--
Trevon BooneVice-Chaiman-$0--
Clarence BrooksRecording Secretary-$0--
Bobby KnightTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Boone Turner Scholarship Corporation
EIN
54-1783969
Phone
8473662899
Address
PO Box 1482, Suffolk, VA 23439

Signing Officer

Name
Maurice Byrd
Title
Corresponding Secretary
Phone
8473662899
Signed
2023-05-17
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“state corporation filing fee”

Raw XML Appendix175 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Maurice Byrd
IRS990EZ/BooksInCareOfDetail/PhoneNum08473662899
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 1482
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Suffolk
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd023439
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010193
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011324
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt01131
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt00
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt010193
IRS990EZ/Form990TotalAssetsGrp/EOYAmt011324
IRS990EZ/FundraisingGrossIncomeAmt05060
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt03000
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt05060
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt010193
IRS990EZ/NetAssetsOrFundBalancesEOYAmt011324
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt010193
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt011324
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Maurice Byrd
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Landon Miales
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Trevon Boone
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Clarence Brooks
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Bobby Knight
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Corresponding Ssecretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice-Chaiman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Recording Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The corporation was organized exclusively for charitable and educational purposes, including student scholarships that would qualify under Section 501(c)(3) of the IRS code
IRS990EZ/PrintingPublicationsPostageAmt025
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Boone Turner Scholarship Corp conducts one annual fundraiser (golf classic). The event is held in the service areas of Suffolk, Southampton,or Isle of Wight counties in Virginia. 85 percent of the time of the corporation is centered on this activity. The classic is funded by donations and golfer fees. All profits (minus expenditures needed to host the event) are used to provide scholarships for local high school students. All work by corporation members is voluntary and no stipends are provided for corporation work. A very small portion of funds collected are used for basic administrative duties (state corporation fee, banking fees, etc). 15 percent of the organizations time is spent on the selection process for the annual awarding of scholarships. This activity honors our organizational focus- exclusively for charitable and educational purposes. For the 2022 tax year- three scholarships were awarded for $1000 each.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03025
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt0904
IRS990EZ/SpecialEventsNetIncomeLossAmt04156
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt03025
IRS990EZ/TotalProgramServiceExpensesAmt03025
IRS990EZ/TotalRevenueAmt04156
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05260
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04306
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018912
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportTotal170Amt018912
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05260
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04306
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018912
IRS990ScheduleA/TotalSupportAmt018912
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0state corporation filing fee
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0During early February 2023, Dr. Maurice Byrd, Corresponding Secretary, received notification that Dominion Energy was awarding the Boone-Turner Scholarship Corporation (BTSC) a $2,000 donation towards its annual Scholarship event planned for April, 2023. During the processing of this donation, Dominion informed us that IRS records revealed that we were not listed as a certified tax-exempt organization. In contact with IRS, we were informed that our tax exempt status was revoked in 2014 due to failure to file the required 990 series. In research with the organization, from 1996-2017 we did not have programs in place to raise substantial amounts of funds for scholarships. Financial records show many years of less than $2,000 in any, of income/scholarship awards. Attorney Hermann Benn (deceased) was responsible for the finances of the BTSC accounts and members at that time were not informed that filing was not being completed. In more recent years, those returns were not completed by the current treasurer, who never received any correspondence about the revocation, or was made aware of this responsibility based on the corporation's past inaction to file. The loss of the Dominion donation for 2023 caused us to discover this issue and put a remediation process in place to seek retroactive reinstatement of our tax-exempt status. Steps include the following- 1) Meetings with the Boone Turner Scholarship Corporation directors to review issue and a vote (3/14/23) to develop a plan of action to mitigate future problems. 2) Extensive review of all financial records to develop returns for 2011 (three years before the revocation) to 2022 per direction from the IRS exempt organizations office 3) Updating the bylaws to include responsibilities for the treasurer and the corresponding secretary to file the required 990 series no later than 1/30 of each year and to report that action in the February meeting of the BTSC. A copy of the filed receipt will be shared and kept in the records of the Recording secretary of the corporation 4) Completing all remediation steps as listed in IRS Revenue Procedures 2014-11 pertaining to retroactive reinstatement. If you have any questions or need any further information, please contact Dr. Maurice Byrd, BTSC officer regarding this matter. I, Maurice E. Byrd, Corresponding Secretary, declare, under penalties of perjury, that I am authorized to sign this request for retroactive reinstatement on behalf of Boone-Turner Scholarship Corporation, and I further declare that I have examined this request for retroactive reinstatement, including the written explanation of all the facts of the claim for reasonable cause, and to the best of my knowledge and belief, this request is true, correct, and complete.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Maurice Byrd
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Corresponding Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum08473662899
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Boone Turner Scholarship Corporation
ReturnHeader/Filer/BusinessNameControlTxt0BOON
ReturnHeader/Filer/EIN0541783969
ReturnHeader/Filer/PhoneNum08473662899
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1482
ReturnHeader/Filer/USAddress/CityNm0Suffolk
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023439
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-05-17T10:35:01-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.