Larraine Segil Scholars Foundation

Organization Overview

Larraine Segil Scholars Foundation is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Larraine Segil Scholars Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larraine Segil Scholars 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, Larraine Segil Scholars Foundation generated $852.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $337.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LARRAINE SEGIL SCHOLARS FOUNDATION HAS BEEN ESTABLISHED TO PROVIDE MENTORING TO EXCEPTIONAL WOMEN IN ORDER TO ENCOURAGE THEIR EDUCATION AND GROWTH SO THAT THEY MAY REACH THEIR FULL POTENTIAL AND, IN SO DOING, POSITIVELY IMPACT THEIR COMMUNITIES AND INSPIRE FUTURE GENERATIONS OF WOMEN AND GIRLS TO DO THE SAME. EACH YEAR, LARRAINE SEGIL SCHOLARS FOUNDATION HOPES TO SELECT 20 OR MORE WOMEN AS LARRAINE SEGIL SCHOLAR AWARDEES (THE "AWARDEES"). AWARDEES WILL BE SELECTED FROM WOMEN WHO DEFY SOCIETAL EXPECTATIONS, WALK THE ROAD LESS TRAVELED, MAY BE SQUARE PEGS TRYING TO FIT ROUND HOLES, AND LIVE A LIFE OF INTEGRITY. THEY WILL BE NOMINATED BY COMMUNITY ORGANIZATIONS, SUCH AS BLACK WOMEN WHO CODE AND THE EAST LOS ANGELES COMMUNITY FOUNDATION. EACH AWARDEE WILL BE PAIRED WITH A LARRAINE SEGIL SCHOLAR (A "SCHOLAR"), WHO WILL MENTOR HER AWARDEE DURING ONE-YEAR PERIOD. A COMMITEE OF SCHOLARS WILL SELECT EACH YEAR'S AWARDEES.THE SCHOLARS ARE FORMER RECIPIENTS OF LARRAINE SEGIL SCHOLARSHIPS. THESE AR

Describe the Organization's Program Activity:

Part 3 - Line 4a

EACH YEAR, LARRAINE SEGIL SCHOLARS FOUNDATION HOPES TO SELECT 20 OR MORE WOMEN AS LARRAINE SEGIL SCHOLAR AWARDEES (THE "AWARDEES"). AWARDEES WILL BE SELECTED FROM WOMEN WHO DEFY SOCIETAL EXPECTATIONS, WALK THE ROAD LESS TRAVELED, MAY BE SQUARE PEGS TRYING TO FIT ROUND HOLES, AND LIVE A LIFE OF INTEGRITY. THEY WILL BE NOMINATED BY COMMUNITY ORGANIZATIONS, SUCH AS BLACK WOMEN WHO CODE AND THE EAST LOS ANGELES COMMUNITY FOUNDATION. EACH AWARDEE WILL BE PAIRED WITH A LARRAINE SEGIL SCHOLAR (A "SCHOLAR"), WHO WILL MENTOR HER AWARDEE DURING ONE-YEAR PERIOD. A COMMITEE OF SCHOLARS WILL SELECT EACH YEAR'S AWARDEES.THE SCHOLARS ARE FORMER RECIPIENTS OF LARRAINE SEGIL SCHOLARSHIPS. THESE ARE SCHOLARSHIPS AWARDED TO WOMEN STUDENTS BY THREE DIFFERENT EDUCATIONAL INSTITUTIONS. THE SCHOLARSHIP PROGRAM IS INDEPENDENT OF AND UNAFFILIATED WITH THE APPLICANT OTHER THAN THE FACT THE LARRAINE SEGIL SCHOLARS MUST MAKE A COMMITMENT TO MENTOR OTHER WOMEN.DURING THE COURSE OF THEIR AWARD YEAR, EACH AWARDEE WILL PARTICIPATE IN ONE OR MORE 30-MINUTE VIDEO CALLS PER MONTH WITH HER MENTOR AND PARTAKE IN FOUR EDUCATIONAL SESSIONS FOCUSING ON SUCH TOPICS AS CAREER OPPORTUNITIES, DEVELOPING AND TRACKING CAREER GOALS, ACHIEVING THEIR FULL POTENTIAL, AND SUPPORTING OTHER WOMEN TO DO THE SAME. SHE ALSO WILL RECEIVE ONGOING MENTORING FROM LARRAINE SEGIL DURING LARRAINE'S LIFETIME.IN EXCHANGE FOR THEIR COMMITMENT TO PARTICIPATE IN AND BENEFIT FROM THE APPLICANT'S MENTORING AND EDUCATIONAL PROGRAMS, AWARDEES WILL ALSO BE ASKED TO "PAY IT FORWARD" TO FUTURE AWARDEES AS ALUMNAE OF THE PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Larraine D Segil
Chairman
$0
Subash Samuels
Director
$0
Kimberlee Reese
Director & CFO
$0
Linda Lore
Director
$0
Jacqueline Mccauley
Secretary
$0
Xochitl Monteon
Director
$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$819,638
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$819,638
Total Program Service Revenue$0
Investment income $16,527
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $16,265
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $852,430

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