La Beca Womens Scholarship Foundation
- Assets
- $30.5k
- Revenue
- $109.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 54-2164948
Organization Overview
La Beca Womens Scholarship Foundation is located in Alexandria, VA. The organization was established in 2006. 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. LA Beca Womens Scholarship 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 12/2022, LA Beca Womens Scholarship Foundation generated $109.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $143.1k during the year ending 12/2022. While expenses have increased by 17.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LABECA WOMENS SCHOLARSHIP FOUNDATION PROVIDES EDUCATIONAL OPPORTUNITIES FOR LOW INCOME WOMEN AND GIRLS IN CENTRAL AMERICA, SOUTH AMERICA & THE CARIBBEAN.FOUNDED IN 2005 THE FOUNDATION CURRENTLY SUPPORTS OVER 40 SCHOLARS. SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABECA GIVES SUPPORT THROUGH NON-PROFIT ORGANIZATIONS, EDUCATIONAL INSTITUTIONS AND DIRECT TUITION GRANTS TO INDIVIDUALS AND THEIR SCHOOLS. THE FUNDS PROVIDE SUPPORT FOR LOW-INCOME WOMEN & GIRLS WHO ARE PURSING EDUCATIONAL OPBJECTIVES. IN SOME CASES, FUNDS WERE PROVIDED FOR COMPUTERS TO ENABLE SCHOLARS TO ATTEND CLASS ON-LINE. IN 2021 STUDENTS IN UNIVERSITY STUDIED DENTISTRY, MEDICINE, NURSING, TOURISM, FINANCE, AND BUSINESS. LABECA SCHOLARS GRADUATED FROM HIGH SCHOOL AND SUBSEQUENTLY ENROLLED AS A UNIVERSITY STUDENT IN HONDURAS. THE REST ARE IN PRIMARY AND SECONDARY SCHOOLS WITH MANY IN BILINGUAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Tobar Director | Trustee | 1 | $0 |
Rey Decerega Director | Trustee | 1 | $0 |
Kris Amundson Director | Trustee | 1 | $0 |
Joanne Newton Director | Trustee | 1 | $0 |
Sara Conrath Secretary | Officer | 1 | $0 |
Anne Reed Treasurer | Officer | 10 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $110,365 |
| Investment income | $81 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$523 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,495 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $64,965 |
| 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 | $1,556 |
| 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 | $955 |
| 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 | $854 |
| All other expenses | $1,803 |
| Total functional expenses | $143,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,548 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,548 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $30,548 |
| Net assets with donor restrictions | $0 |
| 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 | $30,548 |
Grants Awarded
Over the last fiscal year, La Beca Womens Scholarship Foundation has awarded $70,495 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMISTAD MISSION PURPOSE: Education Scholarships | $4,224 |
BELMONT UNIVERSITY PURPOSE: Education Scholarships | $43,490 |
LOS LIBROS PURPOSE: Education Scholarships | $11,250 |
OUR LITTLE ROSES FOREIGN MISSION SO PURPOSE: Education Scholarships | $8,464 |
STUDENTS HELPING HONDURAS PURPOSE: Education Scholarships | $3,067 |