Delores Soule Educational Tr
- Assets
- $800.0k
- Revenue
- $63.1k
- Investments
- $774.2k
- Employees
- 0
- Location
- Raymond, WA
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 46-6709807
Organization Overview
Delores Soule Educational Tr is located in Raymond, WA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Delores Soule Educational Tr 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, Delores Soule Educational Tr generated $63.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $43.8k during the year ending 12/2021. While expenses have increased by 7.7% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENABLE THE RAYMOND SCHOOLS FOUNDATION TO PROVIDE INCENTIVES TO RAYMOND HIGH SCHOOL GRADUATES BY OFFERING ONE OR MORE ANNUAL SCHOLARSHIPS FOR DESERVING RAYMOND HIGH SCHOOL GRADUATES FOR POST-HIGH SCHOOL EDUCATION. THE CRITERIA AND PROCEDURES FOR SELECTION OF THE STUDENTS AND PAYMENTS OF THE SCHOLARSHIPS SHALL BE DETERMINED BY THE TRUSTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Hamlin Board Member | 1 | $0 | |
Chris Halpin President | 1 | $0 | |
Colleen Brown Sec / Treas | 2 | $0 | |
Steve Holland Board Member | 1 | $0 | |
Vicki Halpin Director | 1 | $0 | |
Brent Dennis Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $54,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,544 |
| Capital Gain Net Income | $8,544 |
| Net ST Capital Gain | $9,597 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,153 |
| Total operating and administrative expenses | $3,728 |
| Contributions, gifts, grants paid | $40,120 |
| Total expenses and disbursements | $43,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,386 |
| 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 | $417 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $774,199 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $800,002 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Delores Soule Educational Tr has awarded $40,120 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RAYMOND HIGH SCHOOL SCHOLARSHIPS PURPOSE: EDUCATIONAL SCHOLARSHIPS | $26,000 |
RAYMOND SCHOOL DISTRICT PURPOSE: EDUCATIONAL DEVELOPMENT PROGRAMS | $14,120 |
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