Philippine Scholars
- Assets
- $27.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fridley, MN
- Founding
- 11/2002
- Data as of
- 12/2021
- 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 12/2021, Philippine Scholars generated $130.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $120.5k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 6 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
2021
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 | |
Alfredo Beltran Mn Board Member | 1 | $0 | |
Peter Lund Secretary | 1 | $0 | |
Gracielas Aviles RN Board Member | 1 | $0 | |
Paul Bloom PHD Vice-President And Treasurer | 2 | $0 | |
Ron Aviles Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,277 |
| 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 | $130,277 |
| 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 | $906 |
| Other expenses | $708 |
| Total expenses | $120,521 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,011 |
| Other assets | $0 |
| Total assets | $27,011 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,011 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philippine Scholars has recieved totaling $34,000.
| Awarding Organization | Amount |
|---|---|
Hite Family Foundation Long Lake, MN PURPOSE: SCHOLARSHIPS TO SPECIFIC DESTITUTE STUDENTS | $34,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |