Devin Lomax Bolkcom Smith Scholarship Fund

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Charlie Brower
Director
$0
Naajee Dennis
Director
$0
Karen Parker
Director
$0
Anthony Sims
Director
$0
Toby Tane
Director
$0
Danny Kim
Director
$0

Financial Statements

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

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