Joe Alexander Scholarship Foundation
- Assets
- $666.2k
- Revenue
- $21.2k
- Investments
- $660.2k
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 02/1977
- Data as of
- 06/2023
- EIN
- 95-3087575
Organization Overview
Joe Alexander Scholarship Foundation is located in Bakersfield, CA. The organization was established in 1977. 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. Joe Alexander Scholarship Foundation 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 06/2023, Joe Alexander Scholarship Foundation generated $21.2k 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 (16.7%) each year. All expenses for the organization totaled $16.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, INVEST, AND DISTRIBUTE MONEY FOR THE PURPOSE OF AWARDING SCHOLARSHIPS AND GRANTS TO DESERVING STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO STUDENTS IN THE KERN HIGH SCHOOLDISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vernon Varner President | 1 | $0 | |
Dean Carpenter Secretary/treasury | 2 | $0 | |
Darren Alexander Director | 1 | $0 | |
Tom Alexander Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $6,573 |
| Total operating and administrative expenses | $7,482 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $16,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,961 |
| Savings and temporary cash investments | $0 |
| 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 | $660,245 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $666,206 |
| 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, Joe Alexander Scholarship Foundation has awarded $16,355 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BAKERSFIELD EAST ROTARY FOUNDATION SCHOLARSHIPS PURPOSE: SCHOLARSHIP FOR HIGH SCHOOL STUDENTS | $12,000 |
SAN DIEGO STATE UNIVERSITY PURPOSE: SCHOLARSHIP FOR COLLEGE STUDENTS | $2,500 |
USC PURPOSE: SCHOLARSHIP FOR COLLEGE STUDENTS | $1,855 |