Grand Canyon University Scholarship Foundation
- Assets
- $508.1k
- Revenue
- $273.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-4879525
Organization Overview
Grand Canyon University Scholarship Foundation is located in Phoenix, AZ. The organization was established in 2007. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Grand Canyon University 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 12/2021, Grand Canyon University Scholarship Foundation generated $273.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $218.5k during the year ending 12/2021. 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
THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO PROVIDE SCHOLARSHIPS TO TRADITIONAL FULL-TIME UNDERGRADUATE STUDENTS ENROLLED AT UNIVERSITIES AND COLLEGES IN ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED AT UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Murphy President | OfficerTrustee | 1 | $0 |
Michele Simphoukham Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,886 |
| Total Program Service Revenue | $0 |
| Investment income | $3,511 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,940 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,817 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,209 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $43,671 |
| Fees for services: Legal | $224 |
| Fees for services: Accounting | $21,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,418 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,551 |
| Office expenses | $691 |
| Information technology | $10,347 |
| 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 | $1,597 |
| Insurance | $198 |
| All other expenses | $0 |
| Total functional expenses | $218,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,597 |
| Savings and temporary cash investments | $0 |
| 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 | $327,519 |
| Investments—other securities | $0 |
| Investments—program-related | $80,015 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $508,131 |
| Accounts payable and accrued expenses | $2,693 |
| 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 | $24,995 |
| Total liabilities | $27,688 |
| Net assets without donor restrictions | $304,140 |
| Net assets with donor restrictions | $176,303 |
| 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 | $508,131 |
Grants Awarded
Over the last fiscal year, Grand Canyon University Scholarship Foundation has awarded $113,209 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ | | $78,709 |
Phoenix, AZ | | $34,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grand Canyon University Scholarship Foundation has recieved totaling $42,500.
| Awarding Organization | Amount |
|---|---|
Bhhs Legacy Foundation Phoenix, AZ PURPOSE: Arizona Basketball Coaches Association Legacy Tip-Off Scholarship | $20,000 |
Bhhs Legacy Foundation Phoenix, AZ PURPOSE: AdmiHER Scholarship - Arizona | $12,500 |
Helios Education Foundation Phoenix, AZ PURPOSE: See Part IV | $10,000 |
Endowment Analysis
| Beg. Balance | $67,524 |
| Earnings | $13,873 |
| Admin Expense | $738 |
| Net Contributions | $78,851 |
| Grants | $2,000 |
| Ending Balance | $157,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Alumni Association Berkeley, CA | $38,249,351 | $14,037,142 |
Weimar Institute Weimar, CA | $18,297,667 | $10,612,549 |
University Of Arizona Alumni Association Tucson, AZ | $10,483,265 | $3,295,631 |
The North American Foundation For The University Of Durham Inc Denver, CO | $67,216 | $2,577,869 |
Ucla Alumni Association Los Angeles, CA | $18,983,733 | $2,720,692 |
Alumni Association School Of Medicine Loma Linda University Loma Linda, CA | $21,070,782 | $4,635,468 |
Arizona State University Alumni Association Tempe, AZ | $23,640,025 | $1,664,234 |
Major League Baseball Players Alumni Association Colorado Springs, CO | $8,545,070 | $2,799,012 |
California Aggie Alumni Association Davis, CA | $7,429,243 | $1,694,563 |
Academy Services Corporation Tucson, AZ | $5,843,114 | $1,767,337 |
Bit Sindri Alumni Association Of North America Inc Albuquerque, NM | $219,822 | $1,141,830 |
Beta Mu Building And Alumnae Association Boulder, CO | $5,502,607 | $1,091,365 |