Mission
PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNT OLIVE COLLEGE
Public Charity
OTHA E HERRING SCHOLARS FUND I
OTHA E HERRING SCHOLARS FUND I is a Public Charity headquartered in RALEIGH, NC. Financial data from the 2025 filing: $223K revenue, $213K expenses, $3.5M total assets. IRS filings disclose 6 grants awarded by this foundation, totaling roughly $1.0M.
EIN: 756690165
RALEIGH, NC
Scholarships & Student Financial Aid
NTEE: B82
Latest filing: 2025
Total Revenue$223K
Total Expenses$213K
Total Assets$3.5M
Grants Given6
Grant Total$1.0M
Filing Years2021–2025
Where $100 goes at Otha E Herring Scholars Fund I
How Otha E Herring Scholars Fund I divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$86
Programs
the work itself
$14
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $86 for programs
$86
Provide scholarships to students who attend mt
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNT OLIVE COLLEGE
$178,735
PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNT OLIVE COLLEGE
$168,072
PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNT OLIVE COLLEGE
$163,821
PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNT OLIVE COLLEGE
$161,294
PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNT OLIVE COLLEGE
$173,754
Showing up to 5 of 6 total records — full history available with membership.
Officers & Directors
TRUSTEE
Brian Blackburn
TRUSTEE
Clark Drummond
TRUSTEE
First Citizens Bank
TRUSTEE
Ken Buchanan
TRUSTEE
Lynne Smith
TRUSTEE
Mary Drummond
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $223K | $213K | $3.5M |
| 2024 | $138K | $202K | $3.5M |
| 2023 | $794K | $194K | $3.5M |
| 2022 | $167K | $215K | $2.9M |
| 2021 | $177K | $222K | $3.0M |
Between 2021 and 2025, reported annual revenue grew from $177K to $223K (+26%), with total assets most recently reported at $3.5M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in NC.
NC
Full geographic grant map with state-by-state breakdown available with membership.