Ricker College Scholarship & Endowment Committee
- Assets
- $5.2m
- Revenue
- $260.1k
- Investments
- $4.9m
- Employees
- 0
- Location
- Houlton, ME
- Founding
- 00/0000
- Data as of
- 12/2021
- 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 12/2021, Ricker College Scholarship & Endowment Committee generated $260.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $108.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ricker College Scholarship & Endowment Committee has awarded 45 individual grants totaling $405,900. 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
2021
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 AT $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 | $17,332 | |
Robert Lyons Director | 0.25 | $0 | |
Daniel Watson Chairman | 0.25 | $0 | |
Martha Bell Secretary | 0.25 | $0 | |
Jake Cowperthwaite Director | 0.25 | $0 | |
Robert Askren Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $204,555 |
| Capital Gain Net Income | $204,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $260,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,332 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,385 |
| Depreciation | $206 |
| Occupancy | $4,362 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $307 |
| Other expenses | $5,596 |
| Total operating and administrative expenses | $52,340 |
| Contributions, gifts, grants paid | $55,800 |
| Total expenses and disbursements | $108,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $331,047 |
| 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 | $722 |
| Other assets | $0 |
| Total assets | $5,195,255 |
| 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 $55,800 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Bangor, ME PURPOSE: SCHOLARSHIP PROGRAM | $19,300 |
UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIP PROGRAM | $11,500 |
Biddeford, ME PURPOSE: SCHOLARSHIP PROGRAM | $3,500 |
Fort Kent, ME PURPOSE: SCHOLARSHIP PROGRAM | $3,500 |
Bristol, RI PURPOSE: SCHOLARSHIP PROGRAM | $2,000 |
Kalamazoo, MI PURPOSE: SCHOLARSHIP PROGRAM | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of New Hampshire Foundation Incorporated Durham, NH | $251,217,834 | $34,299,189 |
University Of Maine Foundation Orono, ME | $392,570,813 | $22,127,345 |
Maine Center Ventures Orono, ME | $2,948,482 | $3,531,786 |
Northern Maine Community College Foundation Presque Isle, ME | $4,209,666 | $599,029 |
Wells Public Library Foundation Inc Wells, ME | $16,968 | $76,245 |
University Of Maine School Of Law Foundation Portland, ME | $6,829,939 | $929,272 |
Founders Academy Foundation Manchester, NH | $5,624,673 | $768,570 |
Southern Maine Community College Foundation South Portland, ME | $3,768,050 | $1,245,786 |
Camden Public Library Fund Camden, ME | $1,679,359 | $603,187 |
Friends Of The Weeks Public Library Greenland, NH | $101,158 | $27,678 |
Kennebec Valley Community College Foundation Fairfield, ME | $5,554,302 | $699,650 |
Concord Christain Academy Giving & Going Alliance Concord, NH | $291,148 | $254,410 |