Loa Scholarship Fund
- Assets
- $476.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Teasdale, UT
- Founding
- 07/2013
- Data as of
- 12/2021
- EIN
- 45-2534204
Organization Overview
Loa Scholarship Fund is located in Teasdale, UT. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loa Scholarship Fund 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, Loa Scholarship Fund generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $894.2k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LOA SCHOLARSHIP FUND PROVIDES FINANCIAL SUPPORT TO QUALIFIED INDIVIDUALS THAT WOULD BENEFIT FROM OUTDOOR BEHAVIORAL HEALTHCARE TREATMENT FOR MENTAL HEALTH OR ADDICTION, INCLUDING EDUCATION, PREVENTION, AND TREATMENT.WE BELIEVE THAT THROUGH HEALTHY INTERVENTIONS, ONGOING COLLABORATION, AND EFFECTIVE WILDERNESS AND RESIDENTIAL PROGRAMING WE CAN PROVIDE EVERYONE WITH THE OPPORTUNITY TO GROW MENTALLY, PHYSICALLY, AND EMOTIONALLY. LOA FUND CREATES UNIQUE OPPORTUNITIES FOR INDIVIDUALS TO RECEIVE MENTAL HEALTH CARE, DEVELOP SUPPORT FOR ADDICTION RECOVERY, AND ESTABLISH HEALTHY FAMILY RELATIONSHIPS. THROUGH FUNDRAISING, COMMUNITY AWARENESS INTERVENTIONS, AND PROGRAM EVALUATION, LOA FUND ENSURES THAT EACH PERSONS EXPERIENCE IS OPTIMALLY SUITED FOR THEIR NEEDS AND THEIR STRENGTHS. BY WORKING WITH PROVIDERS AND OFFERING SCHOLARSHIPS TO THOSE IN NEED, WE GIVE FAMILIES HOPE AND MAKE CHANGE A GENUINE POSSIBILITY.THE LOA FUND IS BASED IN UTAH AND HAS REPRESENTATIVES IN OFFICES IN SEATTLE, LAS VEG
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOA SCHOLARSHIP FUND HAS SUCCESSFULLY FUNDED OVER 160 PEOPLE FOR TREATMENT OVER THE LIFE OF THE PROGRA, OF THOSE, ABOUT 30 WERE FUNDED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Daley Chairman | Trustee | 40 | $40,000 |
Michael Hinkle Board Member | Trustee | 40 | $30,000 |
Brett Talbot Secretary | Trustee | 0 | $0 |
Doug Carlson Board Member | Trustee | 0 | $0 |
Debbie Jones Treasurer | Trustee | 0 | $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 | $1,334,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,334,943 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,334,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $805,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| 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 | $5,355 |
| 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 | $137 |
| Advertising and promotion | $151 |
| Office expenses | $75 |
| 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 | $894,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,499 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $476,499 |
| 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 | $641 |
| Total liabilities | $641 |
| Net assets without donor restrictions | $30,917 |
| Net assets with donor restrictions | $444,941 |
| 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 | $476,499 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Loa Scholarship Fund has recieved totaling $420,506.
| Awarding Organization | Amount |
|---|---|
The Gift Of Hope Foundation Inc Roswell, GA PURPOSE: GENERAL PURPOSE FUND | $415,375 |
Harry A & Margaret D Towsley Foundation Ann Arbor, MI PURPOSE: PROGRAM SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $131 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Casa De Los Ninos Inc Tucson, AZ | $25,293,755 | $23,382,073 |
Colorado Youth For A Change Denver, CO | $1,559,265 | $5,423,176 |
Sierra Nevada Journeys Reno, NV | $8,776,450 | $3,407,184 |
Success In Education Foundation Salt Lake City, UT | $7,564,005 | $8,489,669 |
Spread The Word Nevada Henderson, NV | $3,405,824 | $3,007,958 |
Geneva Glen Camp Incorporated Indian Hills, CO | $9,204,342 | $3,964,068 |
Illuminate Colorado Inc Denver, CO | $1,321,763 | $2,672,102 |
Campesinos Sin Fronteras Somerton, AZ | $2,783,493 | $3,390,552 |
Youthworks Santa Fe, NM | $671,806 | $2,396,465 |
Liahona Academy For Youth Non Profit Organization Saint George, UT | $87,694 | $1,967,824 |
Stepping Stones International Salt Lake City, UT | $1,415,855 | $2,101,175 |
First Nv Las Vegas, NV | $603,002 | $1,851,070 |