Scholarship Fund For Rainier Scholars
- Assets
- $8.0m
- Revenue
- $312.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/2013
- Data as of
- 12/2020
- EIN
- 46-3164286
Organization Overview
Scholarship Fund For Rainier Scholars is located in Seattle, WA. The organization was established in 2013. 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. Scholarship Fund For Rainier 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 12/2020, Scholarship Fund For Rainier Scholars generated $312.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $595.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Scholarship Fund For Rainier Scholars has awarded 40 individual grants totaling $887,904. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ADDITIONAL FINANCIAL AID OPPORTUNITIES AT PARTICIPATING INDEPENDENT SCHOOLS FOR STUDENTS PREPARED THROUGH THE RAINIER SCHOLARS PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PARTNER SCHOOLS PROGRAM: PROVIDED SUPPORT FOR ADDITIONAL FINANCIAL AID OPPORTUNITIES AT PARTICIPATING INDEPENDENT SCHOOLS FOR STUDENTS PREPARED THROUGH THE RAINIER SCHOLARS PROGRAM.
GRANTS TO PARTNER SCHOOLS PROGRAM: PROVIDED SUPPORT FOR ADDITIONAL FINANCIAL AID OPPORTUNITIES AT PARTICIPATING INDEPENDENT SCHOOLS FOR STUDENTS PREPARED THROUGH THE RAINIER SCHOLARS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Snyder Treasurer | OfficerTrustee | 1 | $0 |
Mary Pugh President | OfficerTrustee | 1 | $0 |
Sarah Smith Executive Dir. | Officer | 1 | $0 |
Tony Smith Director | Trustee | 1 | $0 |
Robert Strong Director | Trustee | 1 | $0 |
Mikal Thomsen Director | Trustee | 1 | $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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Investment income | $172,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $138,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $312,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $237,952 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,527 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $595,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,316 |
| Savings and temporary cash investments | $3,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,955,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,973,916 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,973,916 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,973,916 |
Grants Awarded
Over the last fiscal year, Scholarship Fund For Rainier Scholars has awarded $475,904 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Bellevue, WA PURPOSE: Support financial aid | $32,448 |
Seattle, WA PURPOSE: Support financial aid | $32,448 |
Kirkland, WA PURPOSE: Support financial aid | $32,448 |
Seattle, WA PURPOSE: Support financial aid | $32,448 |
Seattle, WA PURPOSE: Support financial aid | $32,448 |
Seattle, WA PURPOSE: Support financial aid | $32,448 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scholarship Fund For Rainier Scholars has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
One Ummah Foundation In Memory Of Mustafa Saeed Rahman Lake Oswego, OR | $1,906,238 | $1,873,006 |