Washington Media Scholars Foundation
- Assets
- $143.3k
- Revenue
- $268.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 27-1229288
Organization Overview
Washington Media Scholars Foundation is located in Alexandria, VA. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Media Scholars 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 12/2021, Washington Media Scholars Foundation generated $268.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $221.8k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL PROGRAMS AND SCHOLARSHIPS FOR COLLEGE STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDIA FELLOW SCHOLARSHIPS (SPRING/FALL) IN LIEU OF SPENDING MONEY ON THE ANNUAL NETWORK RECEPTION THAT WAS CANCELLED DUE TO COVID-19 RESTRICTIONS, 52 SCHOLARSHIPS WERE AWARDED FOR $1,500 EACH. SCHOLARSHIPS WERE GIVEN UPON A REVIEW PROCESS BASED ON MERIT AND FINANCIAL NEED.
MEDIA CASE COMPETITION 60 UNDERGRADUATES PARTICIPATED IN THE 2021 CASE COMPETITION FROM SCHOOLS ACROSS THE COUNTRY. 16 FINALISTS WERE CHOSEN TO COMPETE BY ZOOM, DUE TO THE COVID-19 RESTRICTIONS, JUDGED BY A PLANEL OF MEDIA PROFESSIONALS. THE WINNERS OF THE COMPETITION FROM IOWA STATE UNIVERSITY EARNED $5,000 AND THE RUNNERS UP FROM PENN STATE/ITHACA COLLEGE WON $3,000 IN SCHOLARSHIPS. IN ADDITION, 12 REMAINING STUDENTS WERE GIVEN $500 WHO DID NOT PLACE IN THE COMPETITION. ALSO, A SPECIAL MEMORIAL AWARD OF $2,000 WAS GIVEN TO TWO STUDENTS IN MEMORY OF A DECEASED FORMER WMSF WINNER.
MEDIA SCHOLARS ADVERTISING/OUTREACH DUE TO COVID-19 RESTRICTIONS ON THE ANNUAL NETWORKING RECEPTION AND TRAVEL, MONEY WAS REDIRECTED TO AN ADVERTISING/OUTREACH CAMPAIGN TO REACH MORE STUDENTS MAJORING IN PUBLIC POLICY IN NEED OF FINANCIAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Roberts President | OfficerTrustee | 2 | $0 |
Jonathan Ferrell Sec/treasurer | OfficerTrustee | 2 | $0 |
Leo Maccourtney Director | Trustee | 2 | $0 |
Louis Wall Director | Trustee | 2 | $0 |
Michael O'brien Director | 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 | $268,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,625 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,000 |
| Grants and other assistance to domestic individuals. | $26,000 |
| 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 | $91,780 |
| Fees for services: Legal | $255 |
| Fees for services: Accounting | $3,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,943 |
| Office expenses | $930 |
| 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 | $708 |
| All other expenses | $3,124 |
| Total functional expenses | $221,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,281 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $143,281 |
| 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 | $143,281 |
| 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 | $143,281 |
Grants Awarded
Over the last fiscal year, Washington Media Scholars Foundation has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH CAROLINA | | | $7,500 |
Ames, IA | | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Washington Media Scholars Foundation has recieved totaling $5,005.
| Awarding Organization | Amount |
|---|---|
Oakley Lindsay Foundation Of Quincy Newspapers Inc & Its Subsidiaries Quincy, IL PURPOSE: FOUNDING PARTNER SCHOLARSHIP | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Democracy Fund Inc Washington, DC | $93,636,268 | $59,747,292 |
Interchurch Medical Assistance Inc Washington, DC | $35,417,903 | $56,104,166 |
Mag America Inc Washington, DC | $11,970,594 | $53,429,692 |
Friends Of The World Food Program Inc Washington, DC | $25,343,754 | $59,828,688 |
Catholic Charities Of The Archdiocese Of Washington Inc Washington, DC | $69,271,644 | $52,757,033 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
City First Enterprises Inc Washington, DC | $50,642,589 | $41,161,285 |
United Planning Organization Washington, DC | $21,957,692 | $39,543,643 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Jewish Social Service Agency Rockville, MD | $78,004,250 | $40,027,018 |