Emerging Scholars Program Inc
- Assets
- $59.5k
- Revenue
- $337.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Arlington, VA
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 41-2063863
Organization Overview
Emerging Scholars Program Inc is located in Arlington, VA. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Emerging Scholars Program Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerging Scholars Program 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 12/2023, Emerging Scholars Program Inc generated $337.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $353.1k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SINCE JUNE 2004, EMERGING SCHOLARS HAS BEEN DEDICATED TO PROVIDING OPPORTUNITIES THAT CHANGE THE EDUCATIONAL TRAJECTORY OF LOW INCOME INTELLECTUALLY GIFTED STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Hazel Executive Director | Officer | 40 | $46,800 |
Scott Campbell Director | Trustee | 0.5 | $0 |
Edwin Gordon Director | Trustee | 0.5 | $0 |
Patricia Harden Director | Trustee | 0.5 | $0 |
Jennifer Bohnen Director | Trustee | 0.5 | $0 |
Savannah John Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,806 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$25,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $337,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,046 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,780 |
| Compensation of current officers, directors, key employees. | $9,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,666 |
| 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 | $104,157 |
| Advertising and promotion | $0 |
| Office expenses | $6,628 |
| Information technology | $75 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,791 |
| 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 | $6,954 |
| All other expenses | $3,850 |
| Total functional expenses | $353,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,854 |
| Savings and temporary cash investments | $10,737 |
| 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 | $900 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,491 |
| Accounts payable and accrued expenses | $9,107 |
| 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 | $32,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,107 |
| Net assets without donor restrictions | -$13,116 |
| Net assets with donor restrictions | $31,500 |
| 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 | $59,491 |