Kiwanis Scholarship Foundation- Augusta
- Assets
- $422.4k
- Revenue
- $38.8k
- Investments
- $421.6k
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 11/1970
- Data as of
- 12/2023
- EIN
- 23-7089761
Organization Overview
Kiwanis Scholarship Foundation- Augusta is located in Augusta, ME. The organization was established in 1970. 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. Kiwanis Scholarship Foundation- Augusta 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, Kiwanis Scholarship Foundation- Augusta generated $38.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $37.1k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 8 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, Kiwanis Scholarship Foundation- Augusta has awarded 129 individual grants totaling $214,800. 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
PROVIDING SCHOLARSHIPS TO HIGH SCHOOL SENIORS AND NON- TRADITIONAL COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Johnston President | 0 | $0 | |
Jean Claveau Treasurer | 0 | $0 | |
Sheryl Gregory Secretary | 0 | $0 | |
Jed Davis Trustee | 0 | $0 | |
Earle Kenney Trustee | 0 | $0 | |
Betsy Pohl Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,525 |
| Interest on Savings | $1,305 |
| Dividends & Interest | $12,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,643 |
| Capital Gain Net Income | $23,643 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $588 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,128 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $37,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $422,411 |
| 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, Kiwanis Scholarship Foundation- Augusta has awarded $32,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CASEY MILLS PURPOSE: SCHOLARSHIP | $2,000 |
MADISON LULLY PURPOSE: SCHOLARSHIP | $2,000 |
ANDREW RANCOURT PURPOSE: SCHOLARSHIP | $2,000 |
ABIGAIL MARTIN PURPOSE: SCHOLARSHIP | $2,000 |
SAMANTHA THORNTON PURPOSE: SCHOLARSHIP | $2,000 |
JULIA RILEY PURPOSE: SCHOLARSHIP | $2,000 |