Loa Scholarship Fund

Organization Overview

Loa Scholarship Fund is located in Teasdale, UT. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loa 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 12/2021, Loa Scholarship Fund generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $894.2k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 2 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

THE LOA SCHOLARSHIP FUND PROVIDES FINANCIAL SUPPORT TO QUALIFIED INDIVIDUALS THAT WOULD BENEFIT FROM OUTDOOR BEHAVIORAL HEALTHCARE TREATMENT FOR MENTAL HEALTH OR ADDICTION, INCLUDING EDUCATION, PREVENTION, AND TREATMENT.WE BELIEVE THAT THROUGH HEALTHY INTERVENTIONS, ONGOING COLLABORATION, AND EFFECTIVE WILDERNESS AND RESIDENTIAL PROGRAMING WE CAN PROVIDE EVERYONE WITH THE OPPORTUNITY TO GROW MENTALLY, PHYSICALLY, AND EMOTIONALLY. LOA FUND CREATES UNIQUE OPPORTUNITIES FOR INDIVIDUALS TO RECEIVE MENTAL HEALTH CARE, DEVELOP SUPPORT FOR ADDICTION RECOVERY, AND ESTABLISH HEALTHY FAMILY RELATIONSHIPS. THROUGH FUNDRAISING, COMMUNITY AWARENESS INTERVENTIONS, AND PROGRAM EVALUATION, LOA FUND ENSURES THAT EACH PERSONS EXPERIENCE IS OPTIMALLY SUITED FOR THEIR NEEDS AND THEIR STRENGTHS. BY WORKING WITH PROVIDERS AND OFFERING SCHOLARSHIPS TO THOSE IN NEED, WE GIVE FAMILIES HOPE AND MAKE CHANGE A GENUINE POSSIBILITY.THE LOA FUND IS BASED IN UTAH AND HAS REPRESENTATIVES IN OFFICES IN SEATTLE, LAS VEG

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LOA SCHOLARSHIP FUND HAS SUCCESSFULLY FUNDED OVER 160 PEOPLE FOR TREATMENT OVER THE LIFE OF THE PROGRA, OF THOSE, ABOUT 30 WERE FUNDED IN 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Derek Daley
Chairman
$40,000
Michael Hinkle
Board Member
$30,000
Doug Carlson
Board Member
$0
Debbie Jones
Treasurer
$0
Brett Talbot
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,334,943
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,334,943
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,334,943

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Loa Scholarship Fund has recieved totaling $420,506.

Awarding OrganizationAmount
The Gift Of Hope Foundation Inc

Roswell, GA

PURPOSE: GENERAL PURPOSE FUND

$415,375
Harry A & Margaret D Towsley Foundation

Ann Arbor, MI

PURPOSE: PROGRAM SUPPORT

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$131
View Grant Recipient Profile

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