Greater Seattle Business Assoc Scholarship Fund
- Assets
- $4.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 07/1991
- Data as of
- 12/2021
- EIN
- 94-3138514
Organization Overview
Greater Seattle Business Assoc Scholarship Fund, operating under the name Gsba Scholarship & Education Fund, is located in Seattle, WA. The organization was established in 1991. 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. Gsba Scholarship & Education 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 12/2021, Gsba Scholarship & Education Fund generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 6.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS AND LEADERSHIP DEVELOPMENT FOR UNDERGRADUATE AND GRADUATE LGBTQ STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERVIEW SELECTION PROCESS THAT UTILIZES 130 VOLUNTEERS TO INTERVIEW AND SELECT 60 UNDERGRADUATE AND GRADUATE STUDENTS TO RECEIVE SCHOLARSHIPS.
GENERAL PROGRAMMING AND OUTREACH INCLUDES WORKING WITH ALUMNI, OUTREACH TO CURRENT SCHOLARS AND LEADERSHIP PROGRAMMING.
READY FOR BUSINESS: COVID RECOVERY FOR SMALL BUSINESSES. AWARDEES RECEIVE WRAP-AROUND SUPPORT SERVICES INCLUDING GSBA MEMBERSHIP, TECHNICAL SUPPORT, MARKETING, AND CONSULTING. THIS GRANT DOES NOT HAVE TO BE REPAID, AND IT CAN BE USED FOR ANY PURPOSE TO HELP THE BUSINESS RECOVER FROM THE ECONOMIC CRISIS. THE GRANT IS OPEN TO ANY SMALL BUSINESS IN WASHINGTON STATE ESTABLISHED PRIOR TO MARCH 2, 2021. PRIORITY IS GIVEN TO SMALL BUSINESSES WITHIN THE COMMUNITIES MOST IMPACTED BY COVID-19, INCLUDING LGBTQ+, *BIPOC, AND WOMEN-OWNED BUSINESSES, AS WELL AS BUSINESSES LOCATED IN RURAL AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Petterson Chair | OfficerTrustee | 5 | $0 |
Masoud Torabi Chair Scholarship Fund | OfficerTrustee | 5 | $0 |
Barb Wilson Chair Public Policy | OfficerTrustee | 3 | $0 |
Brandon Chun Chair Dei | OfficerTrustee | 3 | $0 |
Stephanie Dallas Past Chair | OfficerTrustee | 3 | $0 |
Carrie Carson Vice Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $469,265 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $743,860 |
| Noncash contributions included in lines 1a–1f | $151,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,213,125 |
| Total Program Service Revenue | $0 |
| Investment income | $43,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $301,728 |
| Net Income from Fundraising Events | $15,585 |
| Net Income from Gaming Activities | $10,600 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,584,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $755,129 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,406 |
| Fees for services: Other | $49,503 |
| Advertising and promotion | $0 |
| Office expenses | $8,242 |
| Information technology | $14,398 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $549,337 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,283,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $657,183 |
| Savings and temporary cash investments | $816,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $464,220 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,951,591 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,889,386 |
| Accounts payable and accrued expenses | $4,640 |
| Grants payable | $162,255 |
| Deferred revenue | $7,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $174,395 |
| Net assets without donor restrictions | $3,091,188 |
| Net assets with donor restrictions | $1,623,803 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,889,386 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Greater Seattle Business Assoc Scholarship Fund has recieved totaling $177,337.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $52,572 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $48,500 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE READY FOR BUSINESS FUND | $45,000 |
Credit Unions In The State Of Washington Seattle, WA PURPOSE: LEADERSHIP MATCHING FUND, READY FOR BUSINESS ADMINISTRATION SUPPORT, AND READY FOR BUSINESS CAMPAIGN INVESTING | $20,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $750 |
Endowment Analysis
| Beg. Balance | $2,636,169 |
| Earnings | $321,569 |
| Admin Expense | $6,147 |
| Ending Balance | $2,951,591 |
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 |