Community Scholarship Foundation

Organization Overview

Community Scholarship Foundation is located in Forest Lake, MN. The organization was established in 1973. 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. 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 07/2022, Community Scholarship Foundation generated $229.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $226.2k during the year ending 07/2022. While expenses have increased by 6.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

AWARD SCHOLARSHIPS TO RESIDENTS LIVING IN THE FOREST LAKE AREA SCHOOL DISTRICT WHO ARE SEEKING TO FURTHER THEIR EDUCATION THROUGH COLLEGE, UNIVERSITY OR TECHNICAL TRAINING

Describe the Organization's Program Activity:

Part 3 - Line 4a

MANAGED FUND ASSETS, SOLICITED AND ACCEPTED DONATIONS; REVIEW OF SCHOLARSHIP APPLICATIONS; AWARDED SCHOLARSHIPS. 128 SCHOLARSHIP RECIPIENTS BENEFITTED


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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$229,359
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$229,359
Total Program Service Revenue$0
Investment income $568
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 $229,927

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Community Scholarship Foundation has recieved totaling $4,000.

Awarding OrganizationAmount
Connexus Energy Foundation

Ramsey, MN

PURPOSE: HIGH SCHOOL SCHOLARSHIPS

$4,000
View Grant Recipient Profile

Peer Organizations

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