Lucille Rader Education Foundation Inc
- Assets
- $2.0m
- Revenue
- $108.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- Tarzana, CA
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 33-0949622
Organization Overview
Lucille Rader Education Foundation Inc is located in Tarzana, CA. The organization was established in 2001. 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. Lucille Rader Education 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 12/2021, Lucille Rader Education Foundation Inc generated $108.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $126.1k during the year ending 12/2021. While expenses have increased by 11.9% 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.
Since 2015, Lucille Rader Education Foundation Inc has awarded 54 individual grants totaling $501,000. 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
EDUCATIONAL SCHOLARSHIPS AWARDED TO FOUR INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Arnold Member | 0 | $0 | |
Christopher Wasson Vice President | 0 | $0 | |
Mary Anne Hedrick Secretary | 0 | $0 | |
Alvin Lamarre President | 0 | $0 | |
Margaret Shoukry Member | 0 | $0 | |
Thomas J Spratt Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,550 |
| Dividends & Interest | $14,877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,170 |
| Capital Gain Net Income | $75,170 |
| Net ST Capital Gain | $21,232 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,597 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,988 |
| Total operating and administrative expenses | $24,198 |
| Contributions, gifts, grants paid | $101,920 |
| Total expenses and disbursements | $126,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,927 |
| 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 | $2,002,002 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,011,929 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $121,920 |
| 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 | $121,920 |
Grants Awarded
Over the last fiscal year, Lucille Rader Education Foundation Inc has awarded $101,920 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEY LIZANA PURPOSE: EDUCATIONAL | $10,000 |
REBECCA DOYLE PURPOSE: EDUCATIONAL | $10,000 |
LUCIA FOLSEY PURPOSE: EDUCATIONAL | $10,000 |
MARYANNE BALTIERRA PURPOSE: EDUCATIONAL | $10,000 |
MARTA MAYNES PURPOSE: EDUCATIONAL | $10,000 |
CAMPBELL BUFFINGTON PURPOSE: EDUCATIONAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |