Westminster Rotary Scholarship Foundation
- Assets
- $209.4k
- Revenue
- $24.7k
- Investments
- $206.4k
- Employees
- 0
- Location
- Salem, SC
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 64-0963693
Organization Overview
Westminster Rotary Scholarship Foundation is located in Salem, SC. The organization was established in 2007. 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. Westminster Rotary 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 12/2021, Westminster Rotary Scholarship Foundation generated $24.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $12.6k during the year ending 12/2021. While expenses have increased by 10.0% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR POST-SECONDARY EDUCATION FOR GRADUATING WEST-OAK HIGH SCHOOL SENIORS BASED ON ACADEMIC MERIT CITIZENSHIP AND NEED IN 2021 10 SCHO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Powell Director | 2 | $0 | |
Connie Spencer Treasurer | 2 | $0 | |
Peggy Moore President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,527 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,017 |
| Capital Gain Net Income | $14,017 |
| Net ST Capital Gain | $375 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,713 |
| 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 | $0 |
| Total operating and administrative expenses | $2,559 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $12,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,966 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $209,355 |
| 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, Westminster Rotary Scholarship Foundation has awarded $10,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GRACIE HERRING PURPOSE: SCHOLARSHIP | $1,000 |
CARLEY SEWELL PURPOSE: SCHOLARSHIP | $1,000 |
CAROLINE MCKENZIE PURPOSE: SCHOLARSHIP | $1,000 |
CORY HOLCOMB PURPOSE: SCHOLARSHIP | $1,000 |
HEATHER G THOMA PURPOSE: SCHOLARSHIP | $1,000 |
SAMANTHA SHERMAN PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Sunshine Lady Foundation Inc Morehead City, NC | $18,426,319 | $1,888,098 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Alpha Delta Pi Foundation Inc Atlanta, GA | $21,876,237 | $5,695,284 |