Robert W Richardson Musical Education Scholarship Fund
- Assets
- $276.6k
- Revenue
- $4.5k
- Investments
- $274.1k
- Employees
- 0
- Location
- Kennewick, WA
- Founding
- 04/1992
- Data as of
- 10/2024
- 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 10/2024, Robert W Richardson Musical Education Scholarship Fund generated $4.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $18.4k during the year ending 10/2024. 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 49 individual grants totaling $113,702. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
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 | |
Baker Boyer Bank Trustee | 2 | $3,932 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,156 |
| Dividends & Interest | $3,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,880 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $608 |
| Total Revenue | $4,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,932 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $7,863 |
| Contributions, gifts, grants paid | $10,585 |
| Total expenses and disbursements | $18,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,434 |
| 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 | $276,573 |
| 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 $10,585 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA BASIN COLLEGE PURPOSE: MUSIC SCHOLARSHIPS | $5,085 |
JAMES JONES PURPOSE: TUITION AND BOOKS | $500 |
ST OLAF COLLEGE PURPOSE: MUSIC SCHOLARSHIPS | $5,000 |