Burlington-Edison Alumni Foundation Dollars For Scholars
- Assets
- $1.4m
- Revenue
- $338.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, WA
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 94-3199980
Organization Overview
Burlington-Edison Alumni Foundation Dollars For Scholars is located in Burlington, WA. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Burlington-Edison Alumni Foundation Dollars For Scholars 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, Burlington-Edison Alumni Foundation Dollars For Scholars generated $338.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $157.8k during the year ending 12/2021. While expenses have increased by 16.8% per year over the past 6 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
THE FOUNDATION MANAGES AND ADMINISTERS SCHOLARSHIPS TO GRADUATING HIGH-SCHOOL SENIORS AT BURLINGTON-EDISON HIGH SCHOOL AND FURTHERING EDUCATION FOR GRADUATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED TO GRADUATING SENIORS AND GRADUATES OF BEHS TO PROMOTE HIGHER EDUCATION. A TOTAL OF 77 SCHOLARSHIPS WERE AWARDED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Peterson Director | Trustee | 0 | $0 |
Mike Sargent Director | Trustee | 0 | $0 |
Veonne Brown Director | Trustee | 0 | $0 |
Laurel Browning Ex Officio | Trustee | 0 | $0 |
Barbara Gurney Director | Trustee | 0 | $0 |
Susan Wright Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $872 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,389 |
| Total Program Service Revenue | $0 |
| Investment income | $152,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,328 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $137,861 |
| 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 | $1,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,714 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,400 |
| All other expenses | $0 |
| Total functional expenses | $157,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,871 |
| Savings and temporary cash investments | $1,249,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,421,208 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $124,017 |
| Deferred revenue | $0 |
| 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 | $124,017 |
| Net assets without donor restrictions | $429,680 |
| Net assets with donor restrictions | $867,511 |
| 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 | $1,421,208 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Burlington-Edison Alumni Foundation Dollars For Scholars has recieved totaling $66.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Endowment Analysis
| Beg. Balance | $141,497 |
| Earnings | $12,185 |
| Grants | $4,000 |
| Ending Balance | $149,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Portland State University Foundation Portland, OR | $160,720,485 | $33,116,092 |
University Of Alaska Foundation Anchorage, AK | $433,420,168 | $30,048,910 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |