Scholarship Fund For Rainier Scholars
- Assets
- $7.2m
- Revenue
- $315.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 46-3164286
Organization Overview
Scholarship Fund For Rainier Scholars is located in Seattle, WA. The organization was established in 2013. 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. Scholarship Fund For Rainier Scholars 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, Scholarship Fund For Rainier Scholars generated $315.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $322.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Scholarship Fund For Rainier Scholars has awarded 46 individual grants totaling $1,021,793. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ADDITIONAL FINANCIAL AID OPPORTUNITIES AT PARTICIPATING INDEPENDENT SCHOOLS FOR STUDENTS PREPARED THROUGH THE RAINIER SCHOLARS PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PARTNER SCHOOLS PROGRAM: PROVIDED SUPPORT FOR ADDITIONAL FINANCIAL AID OPPORTUNITIES AT PARTICIPATING INDEPENDENT SCHOOLS FOR STUDENTS PREPARED THROUGH THE RAINIER SCHOLARS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Pugh Board Chair | OfficerTrustee | 1 | $0 |
Rafael Del Castillo Trustee | OfficerTrustee | 1 | $0 |
Anthony Smith Trustee | Trustee | 1 | $0 |
Bob Strong Trustee | Trustee | 1 | $0 |
Mikal Thomsen Trustee | Trustee | 1 | $0 |
Ricky Kimalat Trustee | Trustee | 1 | $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 | $1,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,605 |
| Total Program Service Revenue | $0 |
| Investment income | $178,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $286,841 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,734 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $86 |
| 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 | $322,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,987 |
| 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 | $7,201,589 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,236,576 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,236,576 |
| Net assets with donor restrictions | $0 |
| 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 | $7,236,576 |
Grants Awarded
Over the last fiscal year, Scholarship Fund For Rainier Scholars has awarded $286,841 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EASTSIDE PREPARATORY SCHOOL PURPOSE: SCHOLARSHIP FUNDING FOR INDIVIDUAL SCHOOLS | $33,746 |
FOREST RIDGE SCHOOL OF THE SACRED HEART PURPOSE: SCHOLARSHIP FUNDING FOR INDIVIDUAL SCHOOLS | $33,746 |
LAKESIDE SCHOOL PURPOSE: SCHOLARSHIP FUNDING FOR INDIVIDUAL SCHOOLS | $33,746 |
SEATTLE ACADEMY OF ARTS AND SCIENCES PURPOSE: SCHOLARSHIP FUNDING FOR INDIVIDUAL SCHOOLS | $33,746 |
SEATTLE COUNTRY DAY SCHOOL PURPOSE: SCHOLARSHIP FUNDING FOR INDIVIDUAL SCHOOLS | $16,873 |
THE BUSH SCHOOL PURPOSE: SCHOLARSHIP FUNDING FOR INDIVIDUAL SCHOOLS | $33,746 |