Smallwood Scholarship Foundation
- Assets
- $369.7k
- Revenue
- $20.5k
- Investments
- $311.8k
- Employees
- 0
- Location
- Twin Falls, ID
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 82-0504275
Organization Overview
Smallwood Scholarship Foundation is located in Twin Falls, ID. The organization was established in 1998. 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. Smallwood 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, Smallwood Scholarship Foundation generated $20.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $31.5k during the year ending 12/2022. While expenses have increased by 4.8% 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.
Since 2016, Smallwood Scholarship Foundation has awarded 53 individual grants totaling $290,063. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PAID TO COLLEGES AND UNIVERSITIES TO BE DISTRIBUTED TO STUDENTS FOR THEIR TUITION AND BOOKS. SCHOLARSHIPS GRANTED TO QUALFYING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Snow Trustee | 0 | $0 | |
Name Not Listed Trustee | 0 | $0 | |
Kendal F Egbert Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $89 |
| Dividends & Interest | $20,431 |
| 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 | $0 |
| Total Revenue | $20,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $446 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,046 |
| Contributions, gifts, grants paid | $30,500 |
| Total expenses and disbursements | $31,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,848 |
| 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 | $369,664 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $21,008 |
| 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 | $21,008 |
Grants Awarded
Over the last fiscal year, Smallwood Scholarship Foundation has awarded $30,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BYU-I PURPOSE: SCHOLARSHIP | $1,500 |
PENSACOLA CHRISTIAN COLLEGE PURPOSE: SCHOLARSHIP | $7,000 |
COLLEGE OF SOUTHERN IDAHO PURPOSE: SCHOLARSHIP | $9,500 |
UTAH VALLEY UNIVERSITY PURPOSE: SCHOLARSHIP | $3,500 |
UNIVERSITY OF NEVADA-RENO PURPOSE: SCHOLARSHIP | $3,000 |
GRAND CANYON UNIVERSITY PURPOSE: SCHOLARSHIP | $3,000 |