Scott Russell Memorial Foundation Inc
- Assets
- $82.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Folsom, CA
- Founding
- 06/2008
- Data as of
- 12/2016
- EIN
- 26-1372545
Organization Overview
Scott Russell Memorial Foundation Inc is located in Folsom, CA. The organization was established in 2008. 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. Scott Russell Memorial Foundation Inc 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 12/2016, Scott Russell Memorial Foundation Inc generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $1.3k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (72.9%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3
IN 2007 THIS CORPORATION WAS FOUNDED AND MONEY IS RAISED ANNUALLY IN ANTICIPATION OF MAKING EDUCATIONAL GRANTS TO HIGH SCHOOL STUDENTS WISHING TO PURSUE A COLLEGE CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Russell President & CEO | 0 | $0 | |
Ron Corso Secretary/trea | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,356 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,356 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,190 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $92 |
| Total expenses | $1,282 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,633 |
| Other assets | $0 |
| Total assets | $82,633 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,633 |
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Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
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School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
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Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |