Rosa L Parks Scholarship Foundation Inc
- Assets
- $229.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- White Lake, MI
- Founding
- 07/1982
- Data as of
- 04/2022
- EIN
- 38-2339613
Organization Overview
Rosa L Parks Scholarship Foundation Inc is located in White Lake, MI. The organization was established in 1982. 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. Rosa L Parks Scholarship Foundation Inc 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 04/2022, Rosa L Parks Scholarship Foundation Inc generated $133.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $110.9k during the year ending 04/2022. While expenses have increased by 1.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
GRANTED FIRST YEAR COLLEGE SCHOLARSHIPS OF $2,000 TO 40 HIGH SCHOOL SENIORS GRADUATING FROM MICHIGAN HIGH SCHOOLS WHO MAINTAINED A GRADE POINT AVERAGE OF AT LEAST 2.5 AND DEMONSTRATED OUTSTANDING LEADERSHIP ABILITY AND INVOLVEMENT IN COMMUNITY SERVICE AND SCHOOL ACTIVITIES..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Trent President | 2 | $0 | |
James Rosenfeld Vice President | 2 | $0 | |
Marcia Hart Secretary | 4 | $0 | |
Terri Barnett Coleman Treasurer | 4 | $0 | |
Danielle Mcguire Trustee | 2 | $0 | |
Luther Keith Assistant Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,436 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $133,436 |
| 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 | $31,166 |
| Total expenses | $110,866 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $229,163 |
| Other assets | $0 |
| Total assets | $229,163 |
| Total liabilities | $4,100 |
| Net assets or fund balances | $225,063 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rosa L Parks Scholarship Foundation Inc has recieved totaling $58,654.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $58,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |