South Central Scholars Foundation
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2016
- EIN
- 20-2820261
Organization Overview
South Central Scholars Foundation is located in Los Angeles, CA. As of 12/2016, South Central Scholars Foundation employed 12 individuals. South Central Scholars 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 12/2016, South Central Scholars Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.1m during the year ending 12/2016. While expenses have increased by 4.2% per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE II, PART III, LINE I
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES COLLEGE ACCESS AND SUCCESS SUPPORT TO LOW-INCOME STUDENTS FROM INNER CITY COMMUNITIES IN LOS ANGELES. PROGRAMS INCLUDE COLLEGE OUTREACH, SCHOLARSHIPS,MENTORING, JOB AND INTERNSHIP PLACEMENT, AND PROFESSIONAL/ACADEMIC DEVELOPMENTS WORKSHOPS AND SEMINARS. THE ORGANIZATION'S SCHOLARSHIPS ARE INTENDED TO CLOSE SHORTFALLS BETWEEN THE AMOUNT OF MONEY OFFERED IN THE FINANCIAL PACKAGE FROM A UNIVERSITY (GRANTS, LOANS, AND WORK STUDY) AND THE ACTUAL COST OF A STUDENT'S COLLEGE EDUCATION. IN SOME CASES, THESE SHORTFALLS WOULD PREVENT STUDENTS FROM ATTENDING COLLEGE ALTOGETHER. SCHOLARSHIPS RANGE BETWEEN $1,000 TO $3,000 PER SCHOLAR, AND ARE RENEWABLE FOR UP TO 6 YEARS. SCS HAS AN ADDITIONAL BUDGET FOR STIPENDS TO STUDENTS TO PARTICIPATE FOR THE FOLLOWING USES: AIRFARE AND TRAVEL EXPENSES, INTERNSHIP STIPENDS, STUDY ABROAD STIPENDS,AND GRADUATE SCHOOL PREPARATION CLASSES AND TEST FEES (MCAT, LSAT, GRE, ETC.).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T London MD Board Member | OfficerTrustee | 10 | $0 |
Paul Blavin Board Member | Trustee | 2 | $0 |
Jeff Weiss Board Member | Trustee | 2 | $0 |
Jason Rednour Board Member | Trustee | 2 | $0 |
Phyllis Monroe Board Member | Trustee | 2 | $0 |
Kari Van Gundy Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,066,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,066,785 |
| Total Program Service Revenue | $0 |
| Investment income | $8,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,075,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $819,689 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,751 |
| Compensation of current officers, directors, key employees. | $34,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,179 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,026 |
| Advertising and promotion | $0 |
| Office expenses | $35,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,235 |
| Travel | $9,074 |
| 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 | $2,961 |
| Insurance | $45,349 |
| All other expenses | $0 |
| Total functional expenses | $2,095,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,272,328 |
| Savings and temporary cash investments | $19,751 |
| Pledges and grants receivable | $37,423 |
| 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 | $17,120 |
| Investments—publicly traded securities | $361,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,296 |
| Total assets | $1,713,576 |
| Accounts payable and accrued expenses | $36,670 |
| Grants payable | $0 |
| 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 | $36,670 |
| Unrestricted restricted net Assets | $1,242,506 |
| Temporarily restricted net Assets | $434,400 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,676,906 |