Zambias Scholarship Fund
- Assets
- $1.4m
- Revenue
- $656.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bear River City, UT
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 87-0641356
Organization Overview
Zambias Scholarship Fund is located in Bear River City, UT. The organization was established in 2000. 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. Zambias Scholarship Fund 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, Zambias Scholarship Fund generated $656.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $244.0k during the year ending 12/2021. While expenses have increased by 2.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFER SCHOLARSHIPS TO DISADVANTAGED ZAMBIAN STUDENTS FOR HIGH SCHOOL AND COLLEGE. PAY ZAMBIAN TEACHERS TO TEACH IN RURAL SCHOOLS. DELIVER EDUCATIONAL SUPPLIES AND SUPPLEMENTAL FOOD AND PAY FOR REPAIRS AND IMPROVEMENTS TO ZAMBIAN SCHOOLS. CONSTRUCT AND OPERATE AN ORPHANAGE THAT WILL ALSO OPERATE AS A SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE, TRADE SCHOOL AND NURSING SCHOOL SCHOLARSHIPS FOR ZAMBIAN STUDENTS.
SALARIES FOR ZAMBIAN TEACHERS IN DISADVANTAGED RURAL HIGH SCHOOLS. SUPPLIES, SOLAR PANELS, REPAIRS AND IMPROVEMENTS TO THESE RURAL HIGH SCHOOLS. ALSO PROVIDING BICYCLES AND COMPUTERS TO THESE RURAL HIGH SCHOOL TEACHERS.
SCHOLARSHIPS FOR DISADVANTAGED ZAMBIAN HIGH SCHOOL STUDENTS.
CONSTRUCTION OF AN ORPHANAGE/SCHOOL IN KASAMA, ZAMBIA SCHEDULED TO OPEN AND BEGIN OPERATIONS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Boud Vice President | OfficerTrustee | 20 | $0 |
Stephen Ott Chief Financial Officer | OfficerTrustee | 5 | $0 |
Peggy Rogers President | OfficerTrustee | 25 | $0 |
Barbara Sims Secretary | OfficerTrustee | 5 | $0 |
John Barlow Board Member | Trustee | 2 | $0 |
Yulia Lynch Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $656,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $656,181 |
| Total Program Service Revenue | $0 |
| Investment income | $540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $656,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $246,769 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,852 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,624 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,699 |
| Insurance | $1,147 |
| All other expenses | $0 |
| Total functional expenses | $243,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $259,909 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,360,693 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,360,693 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,360,693 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Zambias Scholarship Fund has recieved totaling $112,399.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $33,199 |
Sorenson Legacy Foundation Midvale, UT PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $26,700 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $22,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |