Catherine Marie Elvins And Naomi Libby Elvins Scholarships Tr
- Assets
- $3.1m
- Revenue
- $267.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- Woodinville, WA
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 91-6470080
Organization Overview
Catherine Marie Elvins And Naomi Libby Elvins Scholarships Tr is located in Woodinville, WA. The organization was established in 1999. 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. Catherine Marie Elvins And Naomi Libby Elvins Scholarships Tr 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, Catherine Marie Elvins And Naomi Libby Elvins Scholarships Tr generated $267.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $274.6k during the year ending 12/2021. While expenses have increased by 4.5% 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.
Since 2014, Catherine Marie Elvins And Naomi Libby Elvins Scholarships Tr has awarded 234 individual grants totaling $1,605,486. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING OF SCHOLARSHIPS FOR MEDICAL SCHOOL TUITION PER THE REQUIREMENTS OF THE WILL ESTABLISHING THE FOUNDATION. ALL SCHOLARSHIPS ARE AWARDED TO U.W. MEDICAL SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauri Langton State Regent | 0.01 | $0 | |
Christine Crowder 1st Vice Regent | 0.01 | $0 | |
Jacqueline Riddell 2nd Vice Regent | 0.01 | $0 | |
Stephanie Conroy Treasurer | 0.5 | $0 | |
Katherine Gaffney Corr. Secretary | 0.01 | $0 | |
Emmelyn Hart Rec. Secretary | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $64,057 |
| Net Rental Income | $20,136 |
| Net Gain on Sale of Assets | $161,594 |
| Capital Gain Net Income | $161,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $267,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,854 |
| Total operating and administrative expenses | $55,661 |
| Contributions, gifts, grants paid | $218,928 |
| Total expenses and disbursements | $274,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,414 |
| Savings and temporary cash investments | $73,420 |
| 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 | $585,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,086,267 |
| Accounts payable and accrued expenses | $214 |
| 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 | $724 |
| Total liabilities | $938 |
Grants Awarded
Over the last fiscal year, Catherine Marie Elvins And Naomi Libby Elvins Scholarships Tr has awarded $218,928 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHELSEA DENNEY PURPOSE: MEDICAL SCHOOL SCHOLARSHIP | $23,026 |
ELIZABETH RASMUSSEN PURPOSE: MEDICAL SCHOOL SCHOLARSHIP | $23,026 |
KATE FOX PURPOSE: MEDICAL SCHOOL SCHOLARSHIP | $23,026 |
MARJORIE THOMPSON PURPOSE: MEDICAL SCHOOL SCHOLARSHIP | $23,024 |
MELISSA ESTABROOK PURPOSE: MEDICAL SCHOOL SCHOLARSHIP | $17,689 |
DANA ARENZ PURPOSE: MEDICAL SCHOOL SCHOLARSHIP | $17,689 |
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 |