Achievement Rewards For College Scientist Fndatn Metro Wash Chptr
- Assets
- $1.4m
- Revenue
- $345.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 12/1970
- Data as of
- 06/2022
- EIN
- 23-7087021
Organization Overview
Achievement Rewards For College Scientist Fndatn Metro Wash Chptr is located in Potomac, MD. The organization was established in 1970. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Achievement Rewards For College Scientist Fndatn Metro Wash Chptr 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 06/2022, Achievement Rewards For College Scientist Fndatn Metro Wash Chptr generated $345.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $243.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Achievement Rewards For College Scientist Fndatn Metro Wash Chptr has awarded 40 individual grants totaling $2,342,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLAR AWARDS TO ACADEMICALLY OUTSTANDING UNITED STATES CITIZENS STUDYING TO COMPLETE DEGREES IN THE FIELDS OF SCIENCE, MEDICINE AND ENGINEERING, THEREBY CONTRIBUTING TO THE ADVANCEMENT OF SCIENCE AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLAR AWARDS FOR SCIENCE, MEDICINE AND ENGINEERING STUDY GRANTS AWARDED DIRECTLY TO 5 UNIVERSITIES TO FUND INDIVIDUAL GRADUATE SCHOLAR AWARDS AT 15,000 EACH AND UNDERGRADUATE SCHOLAR AWARDS AT 5,000.
NEWSLETTER PUBLICATIONS INFORMING MEMBERS AND OTHERS OF SCHOLAR SELECTION, SPECIAL EVENTS, SCIENTIFIC RESEARCH AND OTHER DATA, 1 MEMBERSHIP DIRECTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Bailey Director | Trustee | 5 | $0 |
Yvonne Chen Asst Treasur | OfficerTrustee | 10 | $0 |
Lynn Dillon Director | Trustee | 5 | $0 |
Sarah Doverspike VP Administr | OfficerTrustee | 10 | $0 |
Miriam Erickson Co-Vp Univ R | OfficerTrustee | 10 | $0 |
Karen Finkbiner Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,550 |
| Fundraising events | $13,177 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,682 |
| Noncash contributions included in lines 1a–1f | $2,689 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,409 |
| Total Program Service Revenue | $0 |
| Investment income | $23,513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $157,402 |
| Net Income from Fundraising Events | $4,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $345,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,500 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,126 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,864 |
| 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 | $1,952 |
| All other expenses | $475 |
| Total functional expenses | $243,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,765 |
| Savings and temporary cash investments | $13,489 |
| 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 | $1,294,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,374,960 |
| 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 | $630,369 |
| Net assets with donor restrictions | $744,591 |
| 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 | $1,374,960 |
Grants Awarded
Over the last fiscal year, Achievement Rewards For College Scientist Fndatn Metro Wash Chptr has awarded $222,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE WASHINGTON UNIVERSITY PURPOSE: SCHOLAR AWARDS | $35,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: SCHOLAR AWARDS | $52,500 |
GEORGETOWN UNIVERSITY PURPOSE: SCHOLAR AWARDS | $45,000 |
UNIVERSITY OF MARYLAND PURPOSE: SCHOLAR AWARDS | $45,000 |
UNIVERSITY OF VIRGINIA PURPOSE: SCHOLAR AWARDS | $45,000 |