Robert And Janice Scott Foundation
- Assets
- $489.7k
- Revenue
- $28.1k
- Investments
- $471.1k
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 82-3797469
Organization Overview
Robert And Janice Scott Foundation is located in Milpitas, CA. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert And Janice Scott 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 12/2023, Robert And Janice Scott Foundation generated $28.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $43.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Robert And Janice Scott Foundation has awarded 25 individual grants totaling $204,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION STARTED ITS OPERATIONS ON 12/21/2017, SINCE THE ORGANIZATION MAKES CONTRIBUTIONS TO CHOSEN ORGANIZATIONS.
DURING THE YEAR 2023 THE FOUNDATION MADE CHARITABLE CONTRIBUTIONS OF $43,250.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Scott Treasurer | 5 | $0 | |
Janice A Scott President | 5 | $0 | |
Robert C Scott Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $6,416 |
| Dividends & Interest | $6,644 |
| 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 | $28,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $183 |
| Contributions, gifts, grants paid | $43,250 |
| Total expenses and disbursements | $43,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,670 |
| 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 | $471,053 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $489,723 |
| 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, Robert And Janice Scott Foundation has awarded $43,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MONTEREY BAY AQUARIUM PURPOSE: FOR CHARITABLE PURPOSES | $10,000 |
BIZWORLD PURPOSE: FOR CHARITABLE PURPOSES | $2,500 |
CANCER CAREPOINT PURPOSE: FOR CHARITABLE PURPOSES | $26,000 |
SALVATION ARMY PURPOSE: FOR CHARITABLE PURPOSES | $500 |
CITY TEAM PURPOSE: FOR CHARITABLE PURPOSES | $2,000 |
FAMILY GIVING TREE PURPOSE: FOR CHARITABLE PURPOSES | $2,000 |