Sunrise Scholars Foundation Inc
- Assets
- $20.7k
- Revenue
- $416.6k
- Investments
- $0.0
- Employees
- 0
- Location
- St Augustine, FL
- Founding
- 05/2019
- Data as of
- 06/2023
- EIN
- 83-1769874
Organization Overview
Sunrise Scholars Foundation Inc is located in St Augustine, FL. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Sunrise Scholars Foundation 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 06/2023, Sunrise Scholars Foundation Inc generated $416.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $411.5k during the year ending 06/2023. While expenses have increased by 15.2% per year over the past 4 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 2021, Sunrise Scholars Foundation Inc has awarded 218 individual grants totaling $179,552. 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
TO PROVIDE PROGRAMS, SERVICES, AND SUPPORT FOR LOW-INCOME, HIGH ACHIEVING STUDENTS TO MAXIMIZE THEIR OPPORTUNITIES FOR SUCCESS IN THE COLLEGE SELECTION AND APPLICATION PROCESS, ACADEMIC PERFORMANCE IN COLLEGE, AND OVERALL COLLEGE EXPERIENCES. COLLEGE ACCESS SUPPORT IS AWARDED IN FORM OF GRANTS TO LOW-INCOME HIGH ACHIEVING STUDENTS TO BREAK DOWN TECHNOLOGICAL BARRIERS, ENSURE PROPER COLLEGE FIT AND SUPPORT SCHOLAR WELL-BEING. THESE GRANTS ARE PART OF A COMPREHENSIVE PROGRAM FOR THESE STUDENTS AND THE STAFF DOES NOT MERELY SELECT, SCREEN AND INVESTIGATE APPLICANTS FOR THESE GRANTS. THE STAFF SPENDS CONSIDERABLE TIME WITH THESE STUDENTS AND OFFERS OTHER PROGRAMS TO THEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Sommers President/director | 26 | $12,600 | |
Jacob Harding V.p./treasurer/director/coo | 41 | $109,273 | |
Erin Harding Secretary/dir./dir. Of College Success | 21 | $18,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $421,579 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,934 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $416,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $140,493 |
| Other employee salaries and wages | $25,675 |
| Pension plans, employee benefits | $51,550 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,753 |
| Occupancy | $26,837 |
| Travel, conferences, and meetings | $22,564 |
| Printing and publications | $0 |
| Other expenses | $42,733 |
| Total operating and administrative expenses | $327,165 |
| Contributions, gifts, grants paid | $84,317 |
| Total expenses and disbursements | $411,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,177 |
| 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 | $2,509 |
| Other assets | $0 |
| Total assets | $20,686 |
| 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, Sunrise Scholars Foundation Inc has awarded $84,317 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX GONZALEZ PURPOSE: COLLEGE ACCESS SUPPORT | $1,982 |
ALLISON QUACH PURPOSE: COLLEGE ACCESS SUPPORT | $750 |
ANQUON NEELY PURPOSE: COLLEGE ACCESS SUPPORT | $957 |
ARON CENTENO PURPOSE: COLLEGE ACCESS SUPPORT | $1,261 |
DAVID FRENCH PURPOSE: COLLEGE ACCESS SUPPORT | $778 |
DEANDREA DAUGHTRY PURPOSE: COLLEGE ACCESS SUPPORT | $750 |