Philippine Scholars
- Assets
- $30.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fridley, MN
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 41-2019289
Organization Overview
Philippine Scholars is located in Fridley, MN. The organization was established in 2002. 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. Philippine Scholars 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 12/2022, Philippine Scholars generated $145.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $142.2k during the year ending 12/2022. While expenses have increased by 9.6% per year over the past 4 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
THE PHILIPPINE SCHOLARS PROGRAM IS ORGANIZED TO ENABLE NEEDY STUDENTS IN THE PHILIPPINES TO BE ABLE TO HAVE EDUCATION IN ACCREDITED PRIMARY, SECONDARY AND POST-SECONDARY SCHOOLS. IN 2020 WE HELPED 141 STUDENTS. FIVE FINISHED COLLEGE, AND NINE FINISHED HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary W King PHD President | 12 | $0 | |
Paul R Bloom PHD Vice-President,treasurer | 3 | $0 | |
Alfredo Beltran MD Board Member | 1 | $0 | |
Peter Lund Secretary | 1 | $0 | |
Graciela Aviles RN Board Member | 1 | $0 | |
Ron Aviles Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,678 |
| 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 | $145,678 |
| 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 | $1,213 |
| Other expenses | $754 |
| Total expenses | $142,203 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,486 |
| Other assets | $0 |
| Total assets | $30,486 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,486 |