Robert W Richardson Musical Education Scholarship Fund
- Assets
- $301.3k
- Revenue
- $12.8k
- Investments
- $293.8k
- Employees
- 0
- Location
- Kennewick, WA
- Founding
- 04/1992
- Data as of
- 10/2022
- EIN
- 91-6326487
Organization Overview
Robert W Richardson Musical Education Scholarship Fund is located in Kennewick, WA. The organization was established in 1992. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert W Richardson Musical Education 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 10/2022, Robert W Richardson Musical Education Scholarship Fund generated $12.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $20.9k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert W Richardson Musical Education Scholarship Fund has awarded 54 individual grants totaling $114,341. 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.
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 |
|---|---|---|---|
Baker Boyer Bank Trustee | 2 | $4,200 | |
Heidi Hanes Chair | 1 | $0 | |
Phillip Simpson Vice-Chair | 1 | $0 | |
Jason Rose Secretary | 1 | $0 | |
Carissa Jones Member | 1 | $0 | |
Collin Wilson Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37 |
| Dividends & Interest | $7,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,801 |
| Capital Gain Net Income | $4,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,040 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $8,221 |
| Contributions, gifts, grants paid | $12,689 |
| Total expenses and disbursements | $20,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,463 |
| 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 | $301,286 |
| 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, Robert W Richardson Musical Education Scholarship Fund has awarded $12,689 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA BASIN COLLEGE PURPOSE: MUSIC SCHOLARSHIPS | $7,189 |
CHLOE STITES PURPOSE: TUITION AND BOOKS | $5,000 |
MARK LOOSVELDT PURPOSE: INFLUENTIAL TEACHER AWARD | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Childrens Theater And School Inc Portland, OR | $1,969,323 | $1,602,828 |
Northwest Professional Dance Project Portland, OR | $1,772,788 | $1,279,998 |
Music Works Northwest Bellevue, WA | $253,683 | $942,488 |
Ethos Inc Portland, OR | $1,454,678 | $764,997 |
Cascade School Of Music Bend, OR | $235,528 | $872,604 |
Icicle Creek Center Of The Arts Leavenworth, WA | $675,620 | $835,634 |
Youth Theater Northwest Mercer Island, WA | $383,938 | $649,841 |
Portland Actors Conservatory Portland, OR | $638,521 | $619,939 |
Jazz Night School Seattle, WA | $363,962 | $459,108 |
Chehalis Ballet Center Chehalis, WA | $507,730 | $283,545 |
Velocity Dance Center Seattle, WA | $264,310 | $506,879 |
Rock N Roll Camp For Girls Portland, OR | $31,284 | $191,200 |