Bay Scholars
- Assets
- $599.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3467919
Organization Overview
Bay Scholars is located in San Francisco, CA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Bay 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, Bay Scholars generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 18.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BAY SCHOLARS EXISTS TO MAKE IT POSSIBLE FOR PROMISING LOW-INCOME STUDENTS ACROSS THE SAN FRANCISCO BAY AREA TO HAVE ACCESS TO AND FLOURISH AT SUCCESSFUL COLLEGE PREPARATORY CATHOLIC HIGH SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAY SCHOLARS PROVIDES A 4-YEAR SCHOLARSHIP WHICH MAKES COLLEGE-PREP HIGH SCHOOL EDUCATION A REALITY FOR ITS SCHOLARS. EACH OF THE BAY SCHOLARS RECEIVES A $1,500,$2,500 OR $3,500 A YEAR IN TUITION ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Reilly President | OfficerTrustee | 5 | $0 |
Peter Muscat Treasurer | OfficerTrustee | 2 | $0 |
FR Charles Gagan Director | Trustee | 1 | $0 |
Annie Eagan Director | Trustee | 1 | $0 |
Arlene Inch Director | Trustee | 1 | $0 |
Mark Molumphy 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 | $1,274,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,274,345 |
| 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 | $1,274,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,401,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,429 |
| Total functional expenses | $1,402,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,373 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $599,373 |
| 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 | $0 |
| 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 | $599,373 |
| Total liabilities and net assets/fund balances | $599,373 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Bay Scholars has recieved totaling $646,250.
| Awarding Organization | Amount |
|---|---|
Janet And Clint Reilly Family Foundation San Francisco, CA PURPOSE: PROMOTES A LIFE-ALTERING EXPERIENCE CONNECTING PROMISING YOUTH WITH TRANSFORMATIVE EDUCATIONAL OPPORTUNITIES AT BAY AREA CATHOLIC COLLEGE PREP HIGH SCHOOLS | $250,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $100,000 |
Dennis And Gloria Obrien Foundation San Mateo, CA PURPOSE: SPONSORSHIP OF THANKSGIVING LUNCHEON AND SCHOLARSHIPS | $75,000 |
Robert And Dana Emery Family Foundation Wilmington, DE PURPOSE: UNRESTRICTED GRANT RELATED TO SUPPORT HIGHER EDUCATION SCHOLARSHIPS FOR STUDENTS OF NEED | $50,000 |
Robert S & Helen P Odell Fund Las Vegas, NV PURPOSE: GENERAL OPERATING | $50,000 |
Robert S & Helen P Odell Fund Las Vegas, NV PURPOSE: GENERAL OPERATING | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Duffield Family Foundation Pleasanton, CA | $258,368,317 | $20,065,038 |
American Indian Model Schools Oakland, CA | $18,645,472 | $19,971,757 |
Partnership For Los Angeles Schools Los Angeles, CA | $63,718,377 | $31,128,437 |
Hamburger Home Los Angeles, CA | $14,127,988 | $18,500,267 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Summit Public Schools Washington Redwood City, CA | $14,247,719 | $16,987,121 |
All For Health Health For All Inc Glendale, CA | $29,884,317 | $23,523,677 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Oxford Preparatory Academy Aliso Viejo, CA | $8,703,539 | $15,190,265 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |