Darrik S Sabada Memorial Scholarship Foundation
- Assets
- $63.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ballwin, MO
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 43-1870059
Organization Overview
Darrik S Sabada Memorial Scholarship Foundation is located in Ballwin, MO. The organization was established in 2000. 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. Darrik S Sabada Memorial Scholarship Foundation 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 12/2022, Darrik S Sabada Memorial Scholarship Foundation generated $2.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $34.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING 2022, THE FOUNDATION AWARDED SCHOLARSHIPS TO HIGH SCHOOL & COLLEGE STUDENTS WHO HELD A "C" AVERAGE OR BETTER AND PROVIDED VERIFICATION OF FINANCIAL STATUS. SCHOLARSHIP AMOUNT IS AWARDED BASED ON STUDENT CIRCUMSTANCES AND ARE RENEWABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sabada Trustee | 0.1 | $0 | |
Nancy Sabada Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,098 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,098 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,118 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $34,168 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,278 |
| Other assets | $0 |
| Total assets | $63,278 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,278 |