Rhinelander Area Scholarship Foundation Inc

Organization Overview

Rhinelander Area Scholarship Foundation Inc is located in Rhinelander, WI. The organization was established in 1992. 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. Rhinelander Area 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 12/2021, Rhinelander Area Scholarship Foundation Inc generated $542.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $164.3k during the year ending 12/2021. While expenses have increased by 2.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ESTABLISH AND MAINTAIN IN RHIENLANDER WI AREA A SCHOLARSHIP PROGRAM THAT PROVIDES ACADEMIC AND FINANCIAL AID TO STUDENTS IN HIGHER ED

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2021, THE FOUNDATION WAS RESPONSIBLE FOR AWARDING 144 SCHOLARSHIPS TO 74 HIGH SCHOOL GRADUATES CONTINUING THEIR HIGHER EDUCATION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Randall H Beard
Treasurer
$0
Jeanne Stephens
Secretary
$0
Braden Bayne-Allison
President
$0
Jennie Jaskie
Vice President
$0
Tracey Barnes
Board Member
$0
Nancy Gehrig
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$6,253
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$277,378
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$283,631
Total Program Service Revenue$0
Investment income $38,541
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $215,757
Net Income from Fundraising Events $4,963
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $542,892

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Rhinelander Area Scholarship Foundation Inc has recieved totaling $20,093.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$20,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$93
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$59,231
Earnings$6,175
Grants$1,500
Ending Balance$63,906

Create an account to unlock the data you need.

or