Foundation For Global Scholars
- Assets
- $230.5k
- Revenue
- $1.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 84-1272157
Organization Overview
Foundation For Global Scholars is located in Boulder, CO. The organization was established in 1995. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Global Scholars 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, Foundation For Global Scholars generated $1.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (39.0%) each year. All expenses for the organization totaled $62.2k during the year ending 12/2021. 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
AWARD SCHOLARSHIPS BASED UPON ACADEMIC, HUMANITARIAN, AND PROFESSIONAL GOALS; EXTRACURRICULAR ACTIVITIES; AND FINANCIAL NEED, AS DETERMINED BY STUDENT COMPLETED APPLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Banks President | 0.25 | $0 | |
Shelia Houston Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,948 |
| Dividends & Interest | $0 |
| 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 | $1,948 |
| 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 | $137 |
| Printing and publications | $0 |
| Other expenses | $489 |
| Total operating and administrative expenses | $2,226 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $62,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,372 |
| Savings and temporary cash investments | $224,137 |
| 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 | $230,509 |
| 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, Foundation For Global Scholars has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: EDUCATION ABROAD | $50,000 |
Washington, DC PURPOSE: EDUCATION ABROAD | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
No Barriers Usa Fort Collins, CO | $2,997,300 | $2,877,816 |
O C E A N Chandler, AZ | $0 | $318,293 |
Way Foundation International Arcadia, OK | $17,650 | $0 |
Foundation For Global Scholars Boulder, CO | $230,509 | $1,948 |
Council For Investment In Education Salt Lake City, UT | $464,607 | $852 |
Cowboy Country Rotary Youth Exchange District 5440 Inc Torrington, WY | $106,226 | $0 |