Real World Scholars Inc
- Assets
- $157.5k
- Revenue
- $399.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mariposa, CA
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 46-4308932
Organization Overview
Real World Scholars Inc is located in Mariposa, CA. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real World Scholars Inc 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, Real World Scholars Inc generated $399.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $428.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Real World Scholars Inc has awarded 808 individual grants totaling $1,183,622. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATING, DEVELOPING AND IMPLEMENTING A REALITY BASED LEARNING PROGRAM FOR K-12 STUDENTS; ONLINE STORE CREATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cahalin President/treasurer | 35 | $0 | |
Elyse Burden Director | 40 | $93,800 | |
Neville Billimoria Director | 1 | $0 | |
Darius Jones Director | 1 | $0 | |
Debra Titus Director | 1 | $0 | |
Jennifer Stillittano Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $399,110 |
| Interest on Savings | $50 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $399,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,800 |
| Other employee salaries and wages | $83,776 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,525 |
| Depreciation | $363 |
| Occupancy | $1,216 |
| Travel, conferences, and meetings | $8,520 |
| Printing and publications | $0 |
| Other expenses | $92,852 |
| Total operating and administrative expenses | $320,524 |
| Contributions, gifts, grants paid | $107,819 |
| Total expenses and disbursements | $428,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,283 |
| Savings and temporary cash investments | $117,826 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $181 |
| Other assets | $15,201 |
| Total assets | $157,491 |
| Accounts payable and accrued expenses | $4,928 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,928 |
Grants Awarded
Over the last fiscal year, Real World Scholars Inc has awarded $107,819 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
ACLD TILLOTSON SCHOOL PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $77 |
7 HEARTS MATERNITY RESCUE INC PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $140 |
ALBA COMMUNITY DAY SCHOOL PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $815 |
ADOLFO CAMARILLO HIGH SCHOOL PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $125 |
AVELLA ELEMENTARY SCHOOL PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $250 |
AMERICA'S FINEST CHARTER SCHOOL PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $250 |