Joaquin Bessie Vincent Scholarship Trust
- Assets
- $1.7m
- Revenue
- $263.7k
- Investments
- $292.3k
- Employees
- 0
- Location
- Manhattan Beach, CA
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 95-3185550
Organization Overview
Joaquin Bessie Vincent Scholarship Trust is located in Manhattan Beach, CA. The organization was established in 1978. 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. Joaquin Bessie Vincent Scholarship Trust 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, Joaquin Bessie Vincent Scholarship Trust generated $263.7k in total revenue. All expenses for the organization totaled $27.4k during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO STUDENTS OF THE MAUI COMMUNITY COLLEGE THROUGH THE UNIVERSITY OF HAWAII FOUNDATION.
THE FOUNDATION IS COMMITTED TO FURTHERING EDUCATION FOR STUDENTS OF MAUI AND PROVIDES SCHOLARSHIPS AND GRANTS TO STUDENTS OF ST. ANTHONY'S SCHOOL.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,257 |
| Dividends & Interest | $20,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $242,026 |
| Capital Gain Net Income | $242,026 |
| Net ST Capital Gain | $242,026 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $263,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,070 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,130 |
| Total operating and administrative expenses | $22,414 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $27,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,413 |
| Savings and temporary cash investments | $482,728 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $914,718 |
| Net other notes and loans receivable | $6,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $292,337 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,699,196 |
| 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, Joaquin Bessie Vincent Scholarship Trust has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOOK TRUST PURPOSE: THE PURPOSE OF THE GIFT IS TO PROMOTE AND ADVANCE READING APTITUDE. | $15,000 |
UNIVERSITY OF HAWAII PURPOSE: THE PURPOSE OF THE GIFT IS TO PROVIDE EDUCATION GRANTS TO ASSIST STUDENTS AT MAUI COMMUNITY COLLEGE THROUGH THE UNIVERSITY OF HAWAII FOUNDATION. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |