Polson Scholarship And Education Foundation
- Assets
- $503.6k
- Revenue
- $31.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Polson, MT
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4291123
Organization Overview
Polson Scholarship And Education Foundation is located in Polson, MT. The organization was established in 2014. 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. Polson Scholarship And Education Foundation 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, Polson Scholarship And Education Foundation generated $31.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $54.4k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED $53,723 IN SCHOLARSHIPS TO POLSON GRADS FOR HIGHER EDUCATION AND TEACHER GRANTS FOR SCHOOL DISTRICT CLASSROOMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE OPPORTUNITIES FOR STUDENTS TO CONTINUE THEIR EDUCATION BEYOND HIGH SCHOOLPROMOTE A SCHOLARSHIP PROGROM FOR STUDENTS WHO ARE GRADUATES OF AN ACCREDITIED HIGH SCHOOL WITHIN SCHOOL DISTRICT #23 LAKE COUNTY MONTANA.PROVIDE SUPPORT FOR SCHOOL DISTRICT #23 FACULTY, STAFF, ADN SCHOOLS TO PROMOTE SPONSOR AND CARRY OUT EDUCATIONAL OBJECTIVES WITH SCHOOL DISTRICT #23 ON A FAIR AND NONDISCRIMINATORY BASIS.
PROVIDE FUNDS TO TEACHERS FOR CLASSROOM PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paddy Trusler President | Officer | 1 | $0 |
Pat Devries Treasurer | Officer | 2 | $0 |
Chris Strom Secretary | Officer | 2 | $0 |
Marc Vergeront Financial Advis | Officer | 1 | $0 |
Becky Dupuis Director | Officer | 1 | $0 |
Ryan Gage Director | Officer | 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 | $16,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,104 |
| Total Program Service Revenue | $0 |
| Investment income | $15,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,069 |
| Net Income from Fundraising Events | $2,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,723 |
| Grants and other assistance to domestic individuals. | $51,000 |
| 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 | $0 |
| Total functional expenses | $54,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,317 |
| Savings and temporary cash investments | $3,099 |
| 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 | $498,230 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $503,646 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $387,699 |
| Net assets with donor restrictions | $115,946 |
| 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 | $503,646 |