Devin Lomax Bolkcom Smith Scholarship Fund is located in Saint Paul, MN. The organization was established in 2012. 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. Devin Lomax Bolkcom Smith Scholarship Fund 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, Devin Lomax Bolkcom Smith Scholarship Fund generated $138.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $90.9k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE DEVIN SMITH SCHOLARSHIP FOUNDATION AWARDS COLLEGE SCHOLARSHIPS TO STUDENTS FROM ST PAUL CENTRAL HIGH SCHOOL BECAUSE IT IS A PLACE THAT EMBRACES DIVERSITY, FOSTERS ACADEMIC EXCELLENCE, AND ULTIMATELY CULTIVATES CREATIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH DECEMBER 31, 2023 THE DEVIN SMITH SCHOLARSHIP FOUNDATION HAS OFFERED 4 YEAR SCHOLARSHIPS TO 31 ST. PAUL CENTRAL STUDENTS. SINCE 2013 THE DSSF HAS AWARDED $318,000 IN SCHOLARSHIPS. FOR 2023 $45,000 FOR SCHOLARSHIPS HAVE BEEN PAID TO 15 STUDENTS.EACH $3,000 SCHOLARSHIP IS RENEWABLE FOR UP TO FOUR YEARS, ASSURING A TOTAL OF $12,000 IN SUPPORT OVER FOUR YEARS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charlie Brower Director | Trustee | 1 | $0 |
Naajee Dennis Director | Trustee | 2 | $0 |
Karen Parker Director | Trustee | 1 | $0 |
Anthony Sims Director | Trustee | 2 | $0 |
Toby Tane Director | Trustee | 1 | $0 |
Danny Kim Director | Trustee | 1.25 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $52,969 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $41,838 |
Noncash contributions included in lines 1a–1f | $41,838 |
Total Revenue from Contributions, Gifts, Grants & Similar | $94,807 |
Total Program Service Revenue | $0 |
Investment income | $14,938 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $28,221 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $137,966 |
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. | $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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,010 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,766 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $0 |
All other expenses | $781 |
Total functional expenses | $90,923 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $37,401 |
Savings and temporary cash investments | $672,243 |
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 | $709,644 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $19,721 |
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 | $19,721 |
Net assets without donor restrictions | $0 |
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 | $689,923 |
Total liabilities and net assets/fund balances | $709,644 |