Ricker College Scholarship & Endowment Committee
- Assets
- $4.5m
- Revenue
- $286.6k
- Investments
- $4.2m
- Employees
- 0
- Location
- Houlton, ME
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 22-2709285
Organization Overview
Ricker College Scholarship & Endowment Committee is located in Houlton, ME. The organization was established in 0000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. Ricker College Scholarship & Endowment Committee 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 12/2023, Ricker College Scholarship & Endowment Committee generated $286.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $333.6k during the year ending 12/2023. While expenses have increased by 7.3% 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.
Since 2016, Ricker College Scholarship & Endowment Committee has awarded 113 individual grants totaling $814,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND AWARDS COLLEGE SCHOLARSHIPS TO GRADUATING MAINE HIGH SCHOOL STUDENTS IN AROOSTOOK COUNTY, MAINE. MOST SCHOLARSHIPS ARE VALUED BETWEEN $1,500 TO $2,000, AND ARE RENEWABLE UNTIL THE STUDENT GRADUATES OR COMPLETES THE FOURTH YEAR OF A LONGER PROGRAM. SEE ALSO PART XIV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Bossie Executive Director | 5 | $17,394 | |
Robert Anderson Director (end 10/2023) | 0.25 | $0 | |
Amie Belyea Director | 0.25 | $0 | |
Tina Condon Director | 0.25 | $62 | |
Ruth Ann Cowger Director | 0.25 | $0 | |
Jake Cowperthwaite Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $207,734 |
| Capital Gain Net Income | $207,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,890 |
| Other employee salaries and wages | $62 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $636 |
| Depreciation | $206 |
| Occupancy | $6,516 |
| Travel, conferences, and meetings | $98 |
| Printing and publications | $224 |
| Other expenses | $5,654 |
| Total operating and administrative expenses | $52,840 |
| Contributions, gifts, grants paid | $280,800 |
| Total expenses and disbursements | $333,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,490 |
| Savings and temporary cash investments | $172,389 |
| 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 | $0 |
| Net Land, buildings, and equipment | $310 |
| Other assets | $0 |
| Total assets | $4,526,514 |
| 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, Ricker College Scholarship & Endowment Committee has awarded $280,800 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BATES COLLEGE PURPOSE: SCHOLARSHIP PROGRAM | $1,500 |
BENNINGTON COLLEGE PURPOSE: SCHOLARSHIP PROGRAM | $2,000 |
BOWDOIN COLLEGE PURPOSE: SCHOLARSHIP PROGRAM | $1,500 |
BROWN UNIVERSITY PURPOSE: SCHOLARSHIP PROGRAM | $1,500 |
BRYANT UNIVERSITY PURPOSE: SCHOLARSHIP PROGRAM | $1,500 |
FASHION INSTITUTE OF TECHNOLOGY PURPOSE: SCHOLARSHIP PROGRAM | $2,000 |