Blue Water Scholarship Fund
- Assets
- $83.6k
- Revenue
- $200.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 82-1104031
Organization Overview
Blue Water Scholarship Fund is located in Houston, TX. The organization was established in 2017. 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. Blue Water 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 12/2022, Blue Water Scholarship Fund generated $200.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $155.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BLUE WATER SCHOLARSHIP FUND AIMS TO INTRODUCE THE NEXT GENERATION TO THE MARITIME INDUSTRY AND ITS MANY OPPORTUNITIES. THE BLUE WATER SCHOLARSHIP FUND INTENDS TO AWARD A NUMBER OF SCHOLARSHIPS ANNUALLY BETWEEN $250 AND $10,000 EACH BASED ON THE MERIT OF THE APPLICANTS RECEIVED AND THE FINANCIAL POSITION OF THE SCHOLARSHIP FUND DURING THE YEAR. THE MAXIMUM SCHOLARSHIP AMOUNT MAY BE EXCEEDED AT THE DISCRETION OF THE DIRECTORS DEPENDING ON THE INDIVIDUAL NEEDS AND CIRCUMSTANCES OF THE STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLUE WATER SCHOLARSHIP FUND GRANTED SCHOLARSHIPS TO 45 INDIVIDUALS ATTENDING THE FOLLOWING MARITIME ACADEMIES: - TEXAS A&M UNIVERSITY- STATE UNIVERSITY OF NEW YORK MARITIME COLLEGE- MASSACHUSSETS MARITIME ACADEMY- CALIFORNIA STATE UNIVERSITY MARITIME ACADEMY- MAINE MARITIME ACADEMY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Cleveland Chairman | Trustee | 1 | $0 |
John Curtin Director | Trustee | 1 | $0 |
Jim Hoy Director | Trustee | 1 | $0 |
Stephanie Lang Director | Trustee | 1 | $0 |
Kevin Collins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,182 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,226 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| 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 | $200,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $133,892 |
| 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 | $1,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,500 |
| Office expenses | $6,372 |
| 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 | $270 |
| Total functional expenses | $155,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,574 |
| 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 | $83,574 |
| Accounts payable and accrued expenses | $207 |
| 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 | $207 |
| Net assets without donor restrictions | $0 |
| 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 | $83,367 |
| Total liabilities and net assets/fund balances | $83,574 |