Recruiting Advancement Of Instruction And Scholarships For E
- Assets
- $659.3k
- Revenue
- $49.3k
- Investments
- $658.3k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1975
- Data as of
- 12/2023
- EIN
- 23-7433575
Organization Overview
Recruiting Advancement Of Instruction And Scholarships For E is located in Los Angeles, CA. The organization was established in 1975. 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. Recruiting Advancement Of Instruction And Scholarships For E 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, Recruiting Advancement Of Instruction And Scholarships For E generated $49.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $15.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REFINE THE KNOWLEDGE OF THE GRAPHIC ARTS INDUSTRY AND PROMOTE LITERACY TO STUDENTS OF ALL AGES AND DEMOGRAPHICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE PROVIDES AWARDS TO HIGH SCHOOL AND COLLEGE STUDENTS WHO PARTICIPATE IN COMPETITIONS IN GRAPHIC ART AND GRAPHIC DESIGN IN THE HOPE OF ENCOURAGING THE PURSUIT OF EDUCATION AND CAREERS IN GRAPHIC COMMUNICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Stoughton Jr Chair | OfficerTrustee | 1 | $0 |
Thomas Ling Director | Trustee | 1 | $0 |
Eddie Audelo Director | Trustee | 1 | $0 |
Jan Gottesman Director | Trustee | 1 | $0 |
Louis Caron President/treasurer | OfficerTrustee | 1 | $0 |
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 | $2,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,054 |
| Total Program Service Revenue | $0 |
| Investment income | $12,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| Grants and other assistance to domestic individuals. | $11,549 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $69 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,026 |
| Savings and temporary cash investments | $0 |
| 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 | $658,274 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,300 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $659,300 |
| Net assets with donor restrictions | $0 |
| 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 | $659,300 |
Grants Awarded
Over the last fiscal year, Recruiting Advancement Of Instruction And Scholarships For E has awarded $39,374 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL PRINTING MUSEUM FOUNDATION PURPOSE: TO SUPPORT MUSEUM, SCOUT PROGRAM, AND CARON SCHOOLS MUSEUM ON WHEELS PROGRAM | $29,500 |
SOUTH PASADENA HIGH SCHOOL PURPOSE: IN SUPPORT OF GRAPHICS EDUCATION | $9,874 |