Redlands Community Scholarship Foundation
- Assets
- $2.9m
- Revenue
- $349.9k
- Investments
- $2.9m
- Employees
- 2
- Location
- Redlands, CA
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 23-7018411
Organization Overview
Redlands Community Scholarship Foundation is located in Redlands, CA. The organization was established in 1969. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Redlands Community Scholarship Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redlands Community 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 12/2021, Redlands Community Scholarship Foundation generated $349.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $316.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE REDLANDS COMMUNITY SCHOLARSHIP FOUNDATION SERVES THE FOLLOWING SCHOOLS IN THE REDLANDS UNIFIED SCHOOL DISTRICT:CITRUS VALLEY HIGH SCHOOL,GROVE HIGH SCHOOL,ORANGEWOOD HIGH SCHOOL,REDLANDS ADULT SCHOOL,REDLANDS EAST VALLEY HIGH SCHOOL,REDLANDS HIGH SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENT ACADEMIC SCHOLARSHIPS TO GRADUATES OF REDLANDS HIGH SCHOOL, REDLANDS EAST VALLEY HIGH SCHOOL, CITRUS VALLEY HIGH SCHOOL, GROVE HIGH SCHOOL, ORANGEWOOD HIGH SCHOOL AND REDLANDS ADULT SCHOOL. A TOTAL OF 461 SCHOLARSHIPS WERE AWARDED AND PAID OUT DURING THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Brand Vice President | OfficerTrustee | 10 | $0 |
Sue Wallace President | OfficerTrustee | 4 | $0 |
Barbara Krause Secretary | OfficerTrustee | 2 | $0 |
Frederick Woolley Treasurer | OfficerTrustee | 4 | $0 |
David Belk Member | Trustee | 2 | $0 |
Ann Leonard Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,442 |
| Total Program Service Revenue | $0 |
| Investment income | $86,489 |
| 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 | $349,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $258,004 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,590 |
| All other expenses | $35 |
| Total functional expenses | $316,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,344 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,888,729 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215 |
| Total assets | $2,933,288 |
| Accounts payable and accrued expenses | $154,477 |
| 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 | $154,477 |
| Net assets without donor restrictions | $1,399,769 |
| Net assets with donor restrictions | $1,379,042 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,933,288 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Redlands Community Scholarship Foundation has recieved totaling $9,890.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,890 |
Endowment Analysis
| Beg. Balance | $1,432,871 |
| Earnings | $86,479 |
| Net Contributions | $117,696 |
| Grants | $258,004 |
| Ending Balance | $1,379,042 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |