Paradise Scholarship Foundation
- Assets
- $1.1m
- Revenue
- $146.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Paradise, CA
- Founding
- 08/1969
- Data as of
- 06/2024
- EIN
- 23-7013007
Organization Overview
Paradise Scholarship Foundation is located in Paradise, CA. The organization was established in 1969. 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. Paradise 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 06/2024, Paradise Scholarship Foundation generated $146.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $70.3k during the year ending 06/2024. While expenses have increased by 5.8% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS (SCHOLARSHIPS)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM CONSISTS OF MAKING GRANTS (SCHOLARSHIPS) TO GRADUATES OF PARADISE HIGH SCHOOL WHO MEET THE ELIGIBILITY REQUIREMENTS. THE FOUNDATION MADE GRANTS TO 29 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann-Chi Chen Director | 0 | $0 | |
Scott Mackenzie Director | 0 | $0 | |
Trudi Angel Director | 0 | $0 | |
Bradley Tym Director | 0 | $0 | |
Maureen Weisner Director | 0 | $0 | |
Anthony Rudick President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,844 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $143,698 |
| Total Revenue | $146,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,825 |
| Total operating and administrative expenses | $11,788 |
| Contributions, gifts, grants paid | $58,500 |
| Total expenses and disbursements | $70,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,390 |
| 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 | $1,055,310 |
| 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 |