Balboa Bay Club Scholarship Fund
- Assets
- $408.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/1995
- Data as of
- 03/2022
- EIN
- 33-0663727
Organization Overview
Balboa Bay Club Scholarship Fund is located in Newport Beach, CA. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balboa Bay Club 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 03/2022, Balboa Bay Club Scholarship Fund generated $61.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $9.8k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (27.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS TO FOUR LOCAL HIGH SCHOOL GRADUATES ATTENDING COLLEGES/UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Hamilton President | 2 | $0 | |
Rick Weiner Director | 2 | $0 | |
Jane Rivera Vice President/secretary | 2 | $0 | |
Anne Wortmann Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,800 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $24,836 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,636 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $312 |
| Total expenses | $9,794 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $408,678 |
| Other assets | $0 |
| Total assets | $408,678 |
| Total liabilities | $0 |
| Net assets or fund balances | $408,678 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Balboa Bay Club Scholarship Fund has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Dito Devcar Foundation Inc Las Vegas, NV PURPOSE: SCHOLARSHIPS | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |