Samuel Ready Scholarships Inc

Organization Overview

Samuel Ready Scholarships Inc is located in Riderwood, MD. The organization was established in 1935. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Samuel Ready Scholarships Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samuel Ready Scholarships 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 06/2021, Samuel Ready Scholarships Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $919.3k during the year ending 06/2021. While expenses have increased by 0.8% 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 2016, Samuel Ready Scholarships Inc has awarded 42 individual grants totaling $4,817,651. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO GIVE ACADEMICALLY PROMISING GIRLS, WITH GREAT FINANCIAL NEED, ACCESS TO A BALTIMORE-AREA INDEPENDENT SCHOOL EDUCATION WITH OPPORTUNITIES TO DEVELOP AND EXCEL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FUNDING FOR BRYN MAWR SCHOOL FOR GIRLS, ROLAND PARK COUNTRY SCHOOL, FRIENDS SCHOOL OF BALTIMORE, ST. PAUL'S SCHOOL FOR GIRLS, GARRISON FOREST SCHOOL AND THE INSTITUTE OF NOTRE DAME FOR PROVIDING SCHOLARSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
Meredith Stewart
President
$0
Sheila Rowe
Treasurer
$0
Teresa Carnell
Vice President
$0
Anne Powel Davis
Secretary
$0
John M Bond III
Trustee
$0
Nancy Bell
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$5,285
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$277,238
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$282,523
Total Program Service Revenue$0
Investment income $527,342
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $552,604
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,362,469

Grants Awarded

Over the last fiscal year, Samuel Ready Scholarships Inc has awarded $745,740 in support to 6 organizations.

Grant RecipientAmount

BRYN MAWR SCHOOL FOR GIRLS OF BALTIMORE CITY

Org PageRecipient Profile

Baltimore, MD

PURPOSE: SCHOLARSHIPS

$222,350

ROLAND PARK COUNTRY SCHOOL INC

Org PageRecipient Profile

Baltimore, MD

PURPOSE: SCHOLARSHIPS

$120,790

FRIENDS SCHOOL OF BALTIMORE INC

Org PageRecipient Profile

Baltimore, MD

PURPOSE: SCHOLARSHIPS

$116,475

ST PAUL'S SCHOOL FOR GIRLS INC

Org PageRecipient Profile

Brooklandville, MD

PURPOSE: SCHOLARSHIPS

$104,370

INSTITUTE OF NOTRE DAME

Org PageRecipient Profile

Baltimore, MD

PURPOSE: SCHOLARSHIPS

$93,420

GARRISON FOREST SCHOOL INC

Org PageRecipient Profile

Owings Mills, MD

PURPOSE: SCHOLARSHIPS

$88,335
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Samuel Ready Scholarships Inc has recieved totaling $205,992.

Awarding OrganizationAmount
Egenton Home

Baltimore, MD

PURPOSE: SCHOLARSHIPS TO PRIMARY AND SECONDARY SCHOOLS

$99,492
Robydodd Family Charitable Foundation

Wilmington, DE

PURPOSE: EXPENDITURE RESPONSIBILITY GRANT

$30,000
Kahlert Foundation Inc

Sykesville, MD

PURPOSE: TO PROVIDE SCHOLARSHIP FUNDS FOR ACADEMICALLY GIFTED GIRLS WITH LIMITED RESOURCES IN THE BALTIMORE AREA

$25,000
Thomas Wilson Sanitarium For Children Of Baltimore City

Lutherville, MD

PURPOSE: FOR THE CARE AND DEVELOPMENT OF THE CHILDREN OF BALTIMORE CITY.

$20,000
Winsome Fund

Manchester, NH

PURPOSE: GENERAL PURPOSE

$20,000
The United Way Of Central Maryland Inc

Baltimore, MD

PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS

$11,000
View Grant Recipient Profile

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