Gig Harbor Tides Scholarship Founda Tion
- Assets
- $176.8k
- Revenue
- $147.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 04/1986
- Data as of
- 08/2020
- EIN
- 91-1322595
Organization Overview
Gig Harbor Tides Scholarship Founda Tion is located in Gig Harbor, WA. The organization was established in 1986. 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. Gig Harbor Tides Scholarship Founda Tion 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 08/2020, Gig Harbor Tides Scholarship Founda Tion generated $147.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $134.3k during the year ending 08/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SCHOLARSHIPS TO HIGH SCHOOL SENIORS GRADUATING FROM GIG HARBOR HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLICITED DONATIONS FROM LOCAL BUSINESSES AND INDIVIDUALS TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS
SOLD SCHOOL-THEMED ATTIRE AND ACCESSORIES TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS
SOLD ICE CREAM TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS
OTHER SALES OF GOODS TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alisa Abernathy Treasurer | Officer | 4 | $0 |
Nicole Riensche Vice President | Officer | 1 | $0 |
Jeanie Hellwich President | Officer | 2 | $0 |
Elina Brown Secretary | Officer | 1 | $0 |
Kristin Nordquist Database | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,560 |
| Investment income | $1,249 |
| 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 | $147,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $111,701 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,147 |
| Information technology | $331 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $535 |
| All other expenses | $0 |
| Total functional expenses | $134,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,461 |
| Savings and temporary cash investments | $49,040 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,279 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,780 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $176,780 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Gig Harbor Tides Scholarship Founda Tion has recieved totaling $7,140.
| Awarding Organization | Amount |
|---|---|
Roy & Kathy Spadoni Memorial Scholarship Gig Harbor, WA PURPOSE: HIGH SCHOOL SCHOLARSHIP | $5,000 |
Betcher Family Foundation Pacific Beach, WA PURPOSE: FURTHER ORGANIZATIONS MISSION | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
One Ummah Foundation In Memory Of Mustafa Saeed Rahman Lake Oswego, OR | $1,906,238 | $1,873,006 |