Real World Scholars Inc
- Assets
- $278.6k
- Revenue
- $526.1k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 46-4308932
Organization Overview
Real World Scholars Inc is located in San Diego, 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 12/2021, Real World Scholars Inc generated $526.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $492.3k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 6 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.
Since 2015, Real World Scholars Inc has awarded 729 individual grants totaling $1,050,120. 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
2021
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 |
|---|---|---|---|
Elyse Burden Director | 50 | $66,206 | |
Helen Cahalin Vice President/secretary | 1 | $0 | |
Neville Billimoria Director | 1 | $0 | |
John Cahalin President/treasurer | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $471,151 |
| Interest on Savings | $64 |
| 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 | $54,862 |
| Total Revenue | $526,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,206 |
| Other employee salaries and wages | $117,470 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,120 |
| Depreciation | $1,956 |
| Occupancy | $1,726 |
| Travel, conferences, and meetings | $2,835 |
| Printing and publications | $0 |
| Other expenses | $166,414 |
| Total operating and administrative expenses | $397,824 |
| Contributions, gifts, grants paid | $94,522 |
| Total expenses and disbursements | $492,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,837 |
| Savings and temporary cash investments | $230,253 |
| 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 | $1,624 |
| Other assets | $10,875 |
| Total assets | $278,589 |
| Accounts payable and accrued expenses | $3,459 |
| 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 | $3,459 |
Grants Awarded
Over the last fiscal year, Real World Scholars Inc has awarded $100,365 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
Noblesville, IN PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $7,000 |
Clovis, CA PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $6,264 |
Pittsburgh, PA PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $5,161 |
HIGH TECH ELEMENTARY CHULA VISTA PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $3,909 |
HIXSON HIGH SCHOOL PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $3,632 |
WEST GREENE JR SR HS PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $3,542 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Real World Scholars Inc has recieved totaling $55,607.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $55,607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |