The Scholarship Camp
- Assets
- $0.0
- Revenue
- $73.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/2008
- Data as of
- 05/2023
- EIN
- 26-0438043
Organization Overview
The Scholarship Camp is located in Los Angeles, CA. The organization was established in 2008. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarship Camp 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 05/2023, Scholarship Camp generated $73.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 69.6% each year . All expenses for the organization totaled $521.8k during the year ending 05/2023. While expenses have increased by 6.3% 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ORIGINALLY WAS TO BE OPERATING A DAY CAMP DURING THE SUMMER MONTHS TO PROVIDE UNDERSERVED CHILDREN AN OPPORTUNITY TO CONNECT WITH NATURE. HOWEVER, DUE TO EXTENSIVE DAMAGE FROM THE WOOLSEY FIRE THE ORGANIZATION WAS UNABLE TO PROVIDE THESE SERVICES. INSTEAD ALL EXPENSES WERE TOWARDS THE COLLECTION OF RECOVERY SETTLEMENT, WORKING WITH COUNTY GOVERNMENT FOR REBUILDING PERMITS AND REORGANIZATION OF ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Segal President And CFO | 25 | $287,500 | |
Kirsten Segal Britton Vice President And Secretary | 30 | $165,000 | |
Larry Russ Director | 2 | $0 | |
Matthew Rips Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72,996 |
| Dividends & Interest | $96 |
| 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 | $0 |
| Total Revenue | $73,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $452,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,489 |
| Depreciation | $7,286 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,156 |
| Total operating and administrative expenses | $521,806 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $521,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 |