Funding For Scholars
- Assets
- $0.0
- Revenue
- $22.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Aiken, SC
- Founding
- Data as of
- 07/2018
- EIN
- 46-5079918
Organization Overview
Funding For Scholars is located in Aiken, SC. Funding For 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 07/2018, Funding For Scholars generated $22.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (24.9%) each year. All expenses for the organization totaled $31.8k during the year ending 07/2018. As we would expect to see with falling revenues, expenses have declined by (26.1%) per year over the past 2 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING FOR SCHOLARS IS A LOCALLY OPERATED AND SUPPORTED NONPROFIT, TAX-EXEMPT, SCHOLARSHIP ORGANIZATION. OPERATED BY AN ALL-VOLUNTEER BOARD OF DIRECTORS, THE PURPOSE OF FUNDING FOR SCHOLARS IS TO PROVIDE ACCESS TO HIGHER EDUCATION TO GRADUATING HIGH SCHOOL SENIORS WHO DEMONSTRATE ACADEMIC PROMISE. IN SUPPORT OF THIS PURPOSE, FUNDING FOR SCHOLARS STIMULATES COMMUNITY FINANCIAL SUPPORT FOR LOCAL STUDENTS TO PURSUE HIGHER LEVELS OF EDUCATIONAL ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR SCHOLARS IS A LOCALLY OPERATED AND SUPPORTED NONPROFIT, TAX-EXEMPT, SCHOLARSHIP ORGANIZATION. OPERATED BY AN ALL-VOLUNTEER BOARD OF DIRECTORS, THE PURPOSE OF FUNDING FOR SCHOLARS IS TO PROVIDE ACCESS TO HIGHER EDUCATION TO GRADUATING HIGH SCHOOL SENIORS WHO DEMONSTRATE ACADEMIC PROMISE. IN SUPPORT OF THIS PURPOSE, FUNDING FOR SCHOLARS STIMULATES COMMUNITY FINANCIAL SUPPORT FOR LOCAL STUDENTS TO PURSUE HIGHER LEVELS OF EDUCATIONAL ACHIEVEMENT.
FUNDING FOR SCHOLARS IS A LOCALLY OPERATED AND SUPPORTED NONPROFIT, TAX-EXEMPT, SCHOLARSHIP ORGANIZATION. OPERATED BY AN ALL-VOLUNTEER BOARD OF DIRECTORS, THE PURPOSE OF FUNDING FOR SCHOLARS IS TO PROVIDE ACCESS TO HIGHER EDUCATION TO GRADUATING HIGH SCHOOL SENIORS WHO DEMONSTRATE ACADEMIC PROMISE. IN SUPPORT OF THIS PURPOSE, FUNDING FOR SCHOLARS STIMULATES COMMUNITY FINANCIAL SUPPORT FOR LOCAL STUDENTS TO PURSUE HIGHER LEVELS OF EDUCATIONAL ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Van Smith Board Member | Trustee | 2 | $0 |
Sam Mcgill Board Member | Trustee | 2 | $0 |
Daniel Seawell Board Member | Trustee | 2 | $0 |
Tom Wyatt Board Member | Trustee | 2 | $0 |
Danny Minolfo Board Member | Trustee | 2 | $0 |
Lessie Price Board Member | Trustee | 2 | $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 | $250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $0 |
| Investment income | $6,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,000 |
| 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 | $1,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $50 |
| Total functional expenses | $31,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |