Scholarship Associates Inc
- Assets
- $220.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1979
- Data as of
- 02/2024
- EIN
- 94-2583274
Organization Overview
Scholarship Associates Inc is located in Los Angeles, CA. The organization was established in 1979. 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. Scholarship Associates Inc 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 02/2024, Scholarship Associates Inc generated $16.7k 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 (20.5%) each year. All expenses for the organization totaled $104.3k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Terrill Chairman | 1 | $0 | |
Connie Benson Secretary | 0.5 | $0 | |
Rachelle King Treasurer | 1 | $0 | |
Lisa Loftus Director | 0.5 | $0 | |
David Oliver Interim President | 1 | $0 | |
Walter Haight Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,081 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,666 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,747 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $104,265 |
| Total expenses | $104,265 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $220,711 |
| Other assets | $0 |
| Total assets | $220,711 |
| Total liabilities | $0 |
| Net assets or fund balances | $220,711 |