Harvey Samuelsen Scholarship Tr
- Assets
- $16.9m
- Revenue
- $1.1m
- Investments
- $15.9m
- Employees
- 0
- Location
- Dillingham, AK
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 30-0065137
Organization Overview
Harvey Samuelsen Scholarship Tr is located in Dillingham, AK. The organization was established in 2002. 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. Harvey Samuelsen Scholarship Tr 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, Harvey Samuelsen Scholarship Tr generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $895.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Harvey Samuelsen Scholarship Tr has awarded 339 individual grants totaling $3,194,808. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM PROVIDING SCHOLARSHIPS TO RESIDENTS OF THE 17 BRISTOL BAY CDQ COMMUNITIES TO ATTEND ACCREDITED COLLEGES; IN 2023, 69 INDIVIDUALS RECEIVED SCHOLARSHIPS.
ACADEMIC SUPPORT PROGRAM PROVIDING CAMPUS SUPPORT TO STUDENTS AT UAF, UAA, AND FORT LEWIS COLLEGE AND OFFERING TUTORING SERVICES TO SCHOLARSHIP RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Gardiner Secretary | 0.1 | $2,250 | |
Gusty Ilutsik Jr President | 0.1 | $2,250 | |
Mary Ann K Johnson President | 0.1 | $2,250 | |
Gerda Kosbruk Treasurer | 0.1 | $1,500 | |
H Robin Samuelsen Jr Board Member | 0.1 | $250 | |
Fritz Sharp Vice President | 0.1 | $2,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $549,936 |
| Interest on Savings | $0 |
| Dividends & Interest | $408,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $181,357 |
| Capital Gain Net Income | $181,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,551 |
| Total Revenue | $1,141,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,750 |
| Other employee salaries and wages | $19,194 |
| Pension plans, employee benefits | $239 |
| Interest | $0 |
| Taxes | $8,593 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,634 |
| Printing and publications | $0 |
| Other expenses | $108,183 |
| Total operating and administrative expenses | $204,993 |
| Contributions, gifts, grants paid | $690,496 |
| Total expenses and disbursements | $895,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $514,788 |
| Net Accounts receivable | $27,832 |
| Net Pledges Receivable | $400,000 |
| 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 | $6,416 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,531 |
| Total assets | $16,856,608 |
| Accounts payable and accrued expenses | $1,306 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $788,812 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $790,118 |
Grants Awarded
Over the last fiscal year, Harvey Samuelsen Scholarship Tr has awarded $717,996 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
TREVONNA AKELKOK PURPOSE: EDUCATIONAL SCHOLARSHIP | $11,000 |
PANSY ALAKAYAK PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,500 |
KARYN ANDREWS PURPOSE: EDUCATIONAL SCHOLARSHIP | $11,000 |
LACI ANDREW PURPOSE: EDUCATIONAL SCHOLARSHIP | $5,500 |
JOSEPH BAILEY PURPOSE: EDUCATIONAL SCHOLARSHIP | $11,000 |
HILDE BALL PURPOSE: EDUCATIONAL SCHOLARSHIP | $11,000 |