The Buck Scholars Association Inc
- Assets
- $554.0k
- Revenue
- $85.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Sacramento, CA
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-4119873
Organization Overview
The Buck Scholars Association Inc is located in Sacramento, CA. The organization was established in 2009. 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. Buck Scholars Association 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 12/2023, Buck Scholars Association Inc generated $85.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $105.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BUCK SCHOLARS ASSOCIATION (BSA) IS AN INDEPENDENT NON-PROFIT ORGANIZATION ESTABLISHED IN 2008 BY THE NEARLY 300 SCHOLARSHIP RECIPIENTS OF THE FRANK H. AND EVA B. BUCK FOUNDATION (BUCK SCHOLARS). BSA'S MISSION IS TWO-FOLD. FIRST, TO FOSTER THE PERSONAL AND PROFESSIONAL GROWTH OF THE BUCK SCHOLARS NOW SPREAD ACROSS THE GLOBE, AND SECOND TO EXPAND EDUCATIONAL OPPORTUNITIES FOR A NEW GENERATION OF EXTRAORDINARILY PROMISING NORTHERN CALIFORNIA YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWS PROGRAM - THE BUCK FELLOWS PROGRAM IS DESIGNED TO ASSIST TALENTED HIGH SCHOOL STUDENTS IN NORTHERN CALIFORNIA ATTEND TOP COLLEGES AROUND THE NATION BY PROVIDING FINANCIAL RESOURCES, SUPPORT, AND GUIDANCE ALONG THEIR JOURNEY TO COLLEGE. THE PROGRAM HAS HELPED CLOSE TO 50 RISING HIGH SCHOOL JUNIORS ATTEND UNIVERSITIES SUCH AS HARVARD, STANFORD, YALE, COLUMBIA, UC BERKELEY, AMONG OTHERS, BY PROVIDING EACH STUDENT CLOSE TO $6,000 IN SCHOLARSHIP FUNDS.
SCHOLARS PROGRAM - THE BUCK SCHOLARS ASSOCIATION FOSTERS THE PERSONAL AND PROFESSIONAL GROWTH OF CLOSE TO 300 BUCK SCHOLARS AND FELLOWS NOW SPREAD ACROSS THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Castillo Executive Director | Officer | 20 | $42,500 |
Ramana Gasch Vice President | OfficerTrustee | 2 | $0 |
Christian Shelton Treasurer And President | OfficerTrustee | 2 | $0 |
Derik Hilliard Board Member | Trustee | 2 | $0 |
Lynnea Mills Board Member | Trustee | 2 | $0 |
Phuoc Le Board Member | Trustee | 2 | $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 | $19,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,946 |
| Total Program Service Revenue | $0 |
| Investment income | $12,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $42,500 |
| 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 | $530 |
| Payroll taxes | $3,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $644 |
| Advertising and promotion | $0 |
| Office expenses | $4,015 |
| Information technology | $204 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $899 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,719 |
| All other expenses | $0 |
| Total functional expenses | $105,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,490 |
| 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 | $539,556 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $554,046 |
| Accounts payable and accrued expenses | $11,299 |
| 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 | $11,299 |
| Net assets without donor restrictions | $542,747 |
| Net assets with donor restrictions | $0 |
| 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 | $554,046 |