Achievement Rewards For College Scients Foundation Inc
- Assets
- $2.7m
- Revenue
- $450.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Lagrange, GA
- Founding
- 11/1973
- Data as of
- 06/2021
- EIN
- 23-7373079
Organization Overview
Achievement Rewards For College Scients Foundation Inc is located in Lagrange, GA. The organization was established in 1973. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Achievement Rewards For College Scients Foundation Inc 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 06/2021, Achievement Rewards For College Scients Foundation Inc generated $450.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $224.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Achievement Rewards For College Scients Foundation Inc has awarded 59 individual grants totaling $801,742. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ARCS FOUNDATION PROVIDES SCHOLAR AWARDS TO ACADEMICALLY OUTSTANDING UNITED STATES CITIZENS STUDYING TO COMPLETE DEGREES IN SCIENCE, MEDICINE AND ENGINEERING, THEREBY CONTRIBUTING TO THE ADVANCEMENT OF SCIENCE AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARCS FOUNDATION NATIONAL, UTILIZING ITS MANAGEMENT FIRM, PROVIDES SIGNIFICANT COMMUNICATIONS SERVICES BENEFITING ALL CHAPTERS WITHIN THE ORGANIZATION. SERVICES INCLUDE THE PRODUCTION OF AN ANNUAL REPORT, A REGULAR ELECTRONIC NEWSLETTER AND REGULAR SOCIAL MEDIA POSTS HIGHLIGHTING THE WORK OF THE ORGANIZATION ITSELF AND THE ACCOMPLISHMENTS OF CURRENT AND FORMER SCHOLARS. WEBINARS ARE HELD FOR THE TRAINING OF LEADERSHIP IN A VARIETY OF AREAS ESSENTIAL TO THE FUNCTIONING OF THE CHAPTERS. OTHER RELATED EXPENSES INCLUDE THE PURCHASE OF BRANDED MATERIALS PROVIDED TO CHAPTER SCHOLARS AT AWARDS CELEBRATIONS.
THE NATIONAL BOARD PROVIDES A ROBUST WEB SITE FOR THE USE OF ALL ARCS CHAPTERS. WEB SITE FEATURES INCLUDE PAYMENT PROCESSING, SCHOLAR DATABASE MANAGEMENT AND REPORTING, MEMBER AND DONOR DATABASE MANAGEMENT AND REPORTING, EMAIL COMMUNICATIONS, AND EVENT MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Lundeen President | OfficerTrustee | 5 | $0 |
Nancy Chambers Secretary | OfficerTrustee | 5 | $0 |
Christine Hawes Treasurer | OfficerTrustee | 5 | $0 |
Caron Ogg President-Elect | OfficerTrustee | 5 | $0 |
Amy Rudolf VP For Finance | OfficerTrustee | 5 | $0 |
Linda Celesia VP For Operations | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,506 |
| Noncash contributions included in lines 1a–1f | $8,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,806 |
| Total Program Service Revenue | $0 |
| Investment income | $106,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,041 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $115,700 |
| Fees for services: Legal | $349 |
| Fees for services: Accounting | $17,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,797 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,955 |
| Office expenses | $21,268 |
| Information technology | $31,923 |
| 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 | $0 |
| All other expenses | $613 |
| Total functional expenses | $224,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,146 |
| Savings and temporary cash investments | $41,605 |
| 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 | $2,646,438 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,701,189 |
| Accounts payable and accrued expenses | $2,144 |
| 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 | $2,144 |
| Net assets without donor restrictions | $261,295 |
| Net assets with donor restrictions | $2,437,750 |
| 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 | $2,701,189 |
Grants Awarded
Over the last fiscal year, Achievement Rewards For College Scients Foundation Inc has awarded $74,290 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: UNRESTRICTED | $23,850 |
Denver, CO PURPOSE: UNRESTRICTED | $23,850 |
Chicago, IL PURPOSE: UNRESTRICTED | $8,125 |
Chicago, IL PURPOSE: UNRESTRICTED | $8,125 |
Phoenix, AZ PURPOSE: UNRESTRICTED | $5,170 |
Phoenix, AZ PURPOSE: UNRESTRICTED | $5,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Achievement Rewards For College Scients Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Might Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $5,000 |
Endowment Analysis
| Beg. Balance | $2,239,031 |
| Earnings | $177,482 |
| Admin Expense | $53,647 |
| Net Contributions | $65,704 |
| Other Expense | $18,033 |
| Ending Balance | $2,410,537 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agmus Ventures Inc Orlando, FL | $37,164,923 | $55,828,300 |
New World Symphony Inc Miami Beach, FL | $279,723,631 | $46,402,310 |
Carolina University WinstonSalem, NC | $16,856,188 | $13,786,116 |
Poynter Institute For Media Studies Inc St Petersburg, FL | $51,768,897 | $13,169,218 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Larkin University Corp Miami, FL | $15,883,479 | $7,901,976 |
Memphis College Of Art Memphis, TN | $723,329 | $5,588,063 |
Atlanta General Education Center Inc Norcross, GA | $3,508,771 | $4,772,601 |
Reformation Bible College Inc Sanford, FL | $392,858 | $12,390,616 |
National Christian College Athletic Association Greenville, SC | $2,363,244 | $1,763,386 |
South Carolina Independent Colleges And Universities Inc Columbia, SC | $4,869,816 | $1,191,380 |
Huntsville Baptist Institute Inc Huntsville, AL | $1,531,999 | $1,030,360 |