William Searls Scholarship Foundation
- Assets
- $418.9k
- Revenue
- $27.1k
- Investments
- $399.1k
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 08/1954
- Data as of
- 12/2022
- EIN
- 01-6009698
Organization Overview
William Searls Scholarship Foundation is located in Damariscotta, ME. The organization was established in 1954. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Searls Scholarship Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, William Searls Scholarship Foundation generated $27.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $22.6k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,452 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,617 |
| Capital Gain Net Income | $8,614 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,721 |
| Contributions, gifts, grants paid | $15,900 |
| Total expenses and disbursements | $22,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,780 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $418,906 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William Searls Scholarship Foundation has awarded $15,900 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MAINE ORONO PURPOSE: SCHOLARSHIP | $4,800 |
BERKLEE COLLEGE OF MUSIC PURPOSE: SCHOLARSHIP | $1,200 |
Bangor, ME PURPOSE: SCHOLARSHIP | $1,200 |
Cedarville, OH PURPOSE: SCHOLARSHIP | $1,200 |
Bangor, ME PURPOSE: SCHOLARSHIP | $1,200 |
Rochester, NY PURPOSE: SCHOLARSHIP | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Senator George J Mitchell Scholarship Research Institute Portland, ME | $52,911,391 | $4,164,591 |
Dartmouth Educational Loan Corp Hanover, NH | $0 | $769,004 |
Maine Huts & Trails Kingfield, ME | $4,908,401 | $661,493 |
Donato J Tramuto Foundation Ogunquit, ME | $1,147,543 | $792,023 |
Lakes Region Scholarship Foundation Gilford, NH | $13,202,377 | $2,617,531 |
Harambe Endeavor Alliance Concord, NH | $2,789,573 | $314,506 |
Robert B Bunker Medical School Scholarship Trust Laconia, NH | $10,035,402 | $504,867 |
The Sukeforth Family Foundation South China, ME | $12,098,841 | $1,239,260 |
Service Credit Union Impact Foundation Portsmouth, NH | $153,778 | $370,899 |
Boothbay Region Student Aid Fund Inc Boothbay Harbor, ME | $8,673,590 | $2,669,575 |