Harvey Samuelsen Scholarship Tr
- Assets
- $17.9m
- Revenue
- $1.6m
- Investments
- $17.6m
- Employees
- 0
- Location
- Dillingham, AK
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 30-0065137
Organization Overview
Harvey Samuelsen Scholarship Tr is located in Dillingham, AK. The organization was established in 2002. 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. Harvey Samuelsen Scholarship Tr 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, Harvey Samuelsen Scholarship Tr generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $958.5k during the year ending 12/2021. While expenses have increased by 11.7% per year over the past 4 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 2019, Harvey Samuelsen Scholarship Tr has awarded 197 individual grants totaling $1,823,854. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM PROVIDING SCHOLARSHIPS TO RESIDENTS OF THE 17 BRISTOL BAY CDQ COMMUNITIES TO ATTEND ACCREDITED COLLEGES; IN 2021, 60 INDIVIDUALS RECEIVED SCHOLARSHIPS.
ACADEMIC SUPPORT PROGRAM PROVIDING CAMPUS SUPPORT TO STUDENTS AT UAF, UAA, AND FORT LEWIS COLLEGE AND OFFERING TUTORING SERVICES TO SCHOLARSHIP RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gottschalk Board Member | 0.1 | $2,500 | |
Fritz Sharp Vice President | 0.1 | $2,250 | |
Mary Ann K Johnson President | 0.1 | $2,250 | |
Gerda Kosbruk Treasurer | 0.1 | $1,166 | |
H Robin Samuelsen Jr Ex-Officio Board Member | 0.1 | $1,125 | |
Kenneth Jensen Secretary - Part Year | 0.1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $526,072 |
| Interest on Savings | $0 |
| Dividends & Interest | $277,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $821,712 |
| Capital Gain Net Income | $821,712 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $1,624,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,291 |
| Other employee salaries and wages | $28,806 |
| Pension plans, employee benefits | $4,271 |
| Interest | $0 |
| Taxes | $15,026 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,216 |
| Total operating and administrative expenses | $223,921 |
| Contributions, gifts, grants paid | $734,600 |
| Total expenses and disbursements | $958,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,117 |
| Net Accounts receivable | $39,158 |
| 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 | $8,828 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,293 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,264 |
| Total assets | $17,904,495 |
| Accounts payable and accrued expenses | $14,160 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $575,752 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $589,912 |
Grants Awarded
Over the last fiscal year, Harvey Samuelsen Scholarship Tr has awarded $773,600 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ADAM MEAD PURPOSE: EDUCATIONAL SCHOLARSHIP | $17,600 |
JESSICA JONES PURPOSE: EDUCATIONAL SCHOLARSHIP | $17,600 |
JENNIFER SHRYOCK PURPOSE: EDUCATIONAL SCHOLARSHIP | $17,600 |
SARAH MITCHELL PURPOSE: EDUCATIONAL SCHOLARSHIP | $17,600 |
TRYSH WOMACK PURPOSE: EDUCATIONAL SCHOLARSHIP | $17,600 |
PANSY ALAKAYAK PURPOSE: EDUCATIONAL SCHOLARSHIP | $17,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
Clementina Foundation Point Roberts, WA | $0 | $984,643 |
Becu Foundation Tukwila, WA | $6,512,431 | $1,024,328 |
Blakemore Foundation Bellevue, WA | $7,042,231 | $805,895 |
Harvey Samuelsen Scholarship Tr Dillingham, AK | $17,904,495 | $1,624,940 |