Friends Of Randolph Scholars
- Assets
- $381.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Randolph, MN
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4245117
Organization Overview
Friends Of Randolph Scholars is located in Randolph, MN. 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. Friends Of Randolph 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 12/2023, Friends Of Randolph Scholars generated $103.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $77.6k during the year ending 12/2023. While expenses have increased by 1.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED SCHOLARSHIPS FOR HIGHER EDUCATION TO SENIORS GRADUATING FROM RANDOLPH HIGH SCHOOL, INDEPENDENT SCHOOL DISTRICT 195. 36 SCHOLARSHIPS WERE DISTRIBUTED DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Taylor President | 3 | $0 | |
Karen Hare Vice President | 1 | $0 | |
Stephanie Groenke Director | 1 | $0 | |
Chris Heiman Director | 1 | $0 | |
Bonnie Hvistendahl Director | 1 | $0 | |
Benjamin Fisher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,109 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,880 |
| Gain or Loss | -$15 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $102,974 |
| 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 | $1,775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $31 |
| Other expenses | $178 |
| Total expenses | $77,641 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $381,131 |
| Other assets | $0 |
| Total assets | $381,131 |
| Total liabilities | $9,000 |
| Net assets or fund balances | $372,131 |