Rachel Royston Perm Scholarship Foundation Of Alpha Sigma State
- Assets
- $1.4m
- Revenue
- $162.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 08/1965
- Data as of
- 06/2022
- EIN
- 91-6060790
Organization Overview
Rachel Royston Perm Scholarship Foundation Of Alpha Sigma State is located in Seattle, WA. The organization was established in 1965. 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. Rachel Royston Perm Scholarship Foundation Of Alpha Sigma State 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 06/2022, Rachel Royston Perm Scholarship Foundation Of Alpha Sigma State generated $162.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.0% each year . All expenses for the organization totaled $50.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rachel Royston Perm Scholarship Foundation Of Alpha Sigma State has awarded 84 individual grants totaling $325,278. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOLARSHIP IS OPEN TO WOMEN EDUCATORS WORKING ON POST BACCALAUREATE STUDIES IN THE FIELD OF EDUCATION AT A NATIONALLY OR REGIONALLY ACCREDITED COLLEGE OR UNIVERSITY, WHO ARE BONA FIDE RESIDENTS OF WASHINGTON STATE. SUCCESSFUL APPLICANTS WILL SHOW EVIDENCE OF SCHOLARSHIP, PROFESSIONAL SERVICE, POTENTIAL FOR FUTURE SERVICE IN EDUCATION AND PROMISE OF DISTINCTION.
IN ORDER TO ACHIEVE ITS CORPORATE PURPOSE, THE FOUNDATION OPERATES A SCHOLARSHIP PROGRAM. AS ANOTHER ELEMENT OF ADVANCING ITS CORPORATE PURPOSE, THE FOUNDATION ALSO OPERATES CERTAIN PROGRAMS WHICH ARE NATURAL CONCOMITANTS OF THE GRANTING OF SCHOLARSHIPS. THESE PROGRAMS ARE IN THE RESOURCE COLLECTION AND THE SEMINAR PROGRAM. THESE PROGRAMS ARE NECESSARY OR CONVENIENT TO EFFECT THE BASIC PURPOSE OF THE FOUNDATION, AND SERVE MANY SUPPORTIVE FUNCTIONS.
OTHER QUALIFIED DISTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon N White Trustee | 4 | $0 | |
Dr Claire Smith Chair/trustee | 4 | $0 | |
Barbara Brown Trustee | 4 | $0 | |
Dr Laurynn Evans Trustee | 4 | $0 | |
Dr Charlene Shea Trustee | 4 | $0 | |
Carol Linscott Treasurer And Admin Asst | 20 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,553 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $132,047 |
| Capital Gain Net Income | $132,047 |
| Net ST Capital Gain | $4,509 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,017 |
| Total Revenue | $162,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,737 |
| Total operating and administrative expenses | $31,629 |
| Contributions, gifts, grants paid | $18,783 |
| Total expenses and disbursements | $50,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,195 |
| Savings and temporary cash investments | $148,666 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,368,754 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rachel Royston Perm Scholarship Foundation Of Alpha Sigma State has awarded $34,083 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMII PRATT PURPOSE: SUPERINTENDENT CERTIFICATIONSUPERINTENDENT CERTIFICATION | $5,000 |
ERIN MURPHY PURPOSE: EDD EDUCATIONAL LEADERSHIP | $7,000 |
AMY MCLAUGHLIN PURPOSE: SUPT CRED & DOCTORAL PROGRAMS | $6,783 |
DORETHA FREDERICKSON PURPOSE: MASTER'S DEGREE IN EDUCATION AND LANGUAGES | $4,000 |
AMY MCLAUGHLIN PURPOSE: SUPERINTENDENT CERTIFICATION | $6,300 |
DEBBIE HULL PURPOSE: PHD SCHOOL COUNSELOR | $5,000 |