Financial Womens Association Of San Francisco Scholarship Fund Inc
- Assets
- $1.5m
- Revenue
- $474.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 03-0475636
Organization Overview
Financial Womens Association Of San Francisco Scholarship Fund Inc, operating under the name Fwsf Scholarship Fund, is located in San Francisco, CA. The organization was established in 2003. 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. Fwsf Scholarship Fund 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 12/2021, Fwsf Scholarship Fund generated $474.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $241.6k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AWARD SCHOLARSHIPS TO WOMEN PURSUING FINANCIAL CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FWSF SCHOLARSHIP FUND PROVIDES GRADUATE AND UNDERGRADUATE SCHOLARSHIPS TO SAN FRANCISCO BAY AREA WOMEN PURSUING CAREERS IN THE FIELDS OF FINANCE OR THE FINANCIAL SERVICES INDUSTRY. SINCE 1985, THE FUND HAS AWARDED OVER $2 MILLION IN SCHOLARSHIP GRANTS TO MORE THAN 300 BAY AREA WOMEN. SCHOLARSHIP RECIPIENTS HAVE THE OPPORTUNITY TO MEET POTENTIAL MENTORS AND ATTEND BOTH CAREER DEVELOPMENT AND NETWORKING EVENTS. IN 2021, 13 SCHOLARSHIPS WERE AWARDED TOTALING $170,000. FIVE UNDERGRADUATES EACH RECEIVED $10,000 AND EIGHT GRADUATES EACH RECEIVED $15,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Barbee Immediate Past President | OfficerTrustee | 5 | $0 |
Denise Rigli Secretary | OfficerTrustee | 10 | $0 |
Tracy Teale Treasurer | OfficerTrustee | 10 | $0 |
Kimberly Pugh President | OfficerTrustee | 10 | $0 |
Melissa Radic President-Elect | Trustee | 10 | $0 |
Tamarra Brown Committee Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $536,090 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,693 |
| Total Program Service Revenue | $0 |
| Investment income | $14,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$134,241 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $170,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $241,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,164 |
| Savings and temporary cash investments | $1,089,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,472,753 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,472,753 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,472,753 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Financial Womens Association Of San Francisco Scholarship Fund Inc has recieved totaling $80,439.
| Awarding Organization | Amount |
|---|---|
C And A Johnson Family Foundation Palm Beach, FL PURPOSE: CHARITABLE SUPPORT | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $22,950 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,423 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Endowment Analysis
| Beg. Balance | $629,550 |
| Earnings | $102,636 |
| Net Contributions | $26,083 |
| Ending Balance | $758,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |