Mortar Board Alumni-Tolo Foundation
- Assets
- $1.2m
- Revenue
- $33.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 06/1998
- Data as of
- 05/2024
- EIN
- 91-6054386
Organization Overview
Mortar Board Alumni-Tolo Foundation is located in Bellevue, WA. The organization was established in 1998. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Mortar Board Alumni-Tolo 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 05/2024, Mortar Board Alumni-Tolo Foundation generated $33.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $77.2k during the year ending 05/2024. While expenses have increased by 1.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EXISTS TO PROVIDE MERIT SCHOLARSHIPS TO APPLICANTS WHO ARE STUDENTS OF THE UNIVERSITY OF WASHINGTON. SEE APPLICATION ATTACHED.
MORTAR BOARD NATIONAL FOUNDATION THE ORGANIZATION IS A LOCAL CHAPTER OF A NATIONAL ORGANIZATION OF SCHOLARSHIP FOUNDATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,995 |
| Interest on Savings | $1,888 |
| Dividends & Interest | $24,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $33,149 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,074 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,352 |
| Other expenses | $1,149 |
| Total operating and administrative expenses | $14,158 |
| Contributions, gifts, grants paid | $63,000 |
| Total expenses and disbursements | $77,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,496 |
| 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 | $1,130,211 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,202,707 |
| 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 |