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Filing year 2024

MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND

Greensboro, North Carolina·EIN 56-6048318·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$59k
Total assets
$788k
Total expenses
$64k
Reported officers
1

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in North Carolina.

Trustee
Board Member
25th percentile to median
$12k
$13k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND equaled 18% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
18%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$50k

Itemized grants

1

Median grant

$50k

RecipientLocationPurposeAmount
OFFICE OF SCHOLARSHIPS & STUDENT AI UNC-CHAPEL HILLCHAPEL HILL, NCSCHOLARSHIPS$50k
Pay for the position

Board Member pay rose 26% from 2023 to 2024, while revenue fell 3%.

$9k in 2023 to $12k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND

What does the Board Member of MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND earn?

In 2024, the Board Member of MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND received $11,786 in total compensation. This pay is below the median (the midpoint) for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, the 2024 pay of the Board Member at MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND falls between the 25th percentile and the median. In 2024, the highest total compensation at MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND equaled 18% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND's revenue and expenses?

In 2024, MARVIN B SMITH JR MEMORIAL SCHOLARSHIP FUND reported $59k in total revenue and $64k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.