Kennedy King Memorial College Scholarship Fund
- Assets
- $2.8m
- Revenue
- $382.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Martinez, CA
- Founding
- 11/1968
- Data as of
- 06/2021
- EIN
- 94-1677726
Organization Overview
Kennedy King Memorial College Scholarship Fund is located in Martinez, CA. The organization was established in 1968. 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. Kennedy King Memorial College 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 06/2021, Kennedy King Memorial College Scholarship Fund generated $382.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $515.7k during the year ending 06/2021. While expenses have increased by 11.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AWARD SCHOLARSHIPS FOR MINORITY STUDENTS TRANSFERRING TO FOUR YEAR COLLEGES FROM COMMUNITY COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED 32 UNDERGRADUATE COLLEGE SCHOLARSHIPS EACH OF $12,000 TO MINORITY STUDENTS FROM CONTRA COSTA COUNTY COMMUNITY COLLEGES. AWARDED 9 GRADUATE COLLEGE SCHOLARSHIP(S) OF $6,000 EACH TO FORMER KENNEDY-KING SCHOLARSHIP RECIPIENTS. TOTAL AMOUNT IS REDUCED BY SCHOLARSHIPS FORFEITED BY RECIPIENTS AWARDED SCHOLARSHIPS IN PRIOR YEARS WHO DID NOT FULFILL THE REQUIREMENTS TO CONTINUE TO RECEIVE SUPPORT OR FUNDS RETURNED FROM THE PROGRAMS BECAUSE THE STUDENT IS TRANSITIONING TO ANOTHER INSTITUTION. TOTAL SCHOLARSHIPS AWARDED FOR YEAR IS $438,000.
AWARDED 32 SCHOLARSHIPS OF $1,000 EACH TO CONTRA COSTA COMMUNITY COLLEGE STUDENTS TO ENABLE THE STUDENTS TO CONTINUE THEIR FIRST TWO YEARS OF CREDIT ENABLING THEM TO TRANSFER TO A FOUR-YEAR COLLEGE OR UNIVERSITY. THE SCHOLARSHIPS ARE MADE TO THE STUDENTS BY THE CONTRA COSTA COMMUNITY COLLEGE FOUNDATIONS FROM FUNDS SUPPLIED BY KENNEDY KING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keiko Kobayashi VP University Relations | OfficerTrustee | 8 | $0 |
James Kennedy Donor Relations | OfficerTrustee | 10 | $0 |
Loella Haskew Treasurer | OfficerTrustee | 5 | $0 |
Nikki Maziasz Chair Investment Committee | OfficerTrustee | 4 | $0 |
Ellen Williams Board Nominations Chair | OfficerTrustee | 4 | $0 |
Arthur Rangel President | OfficerTrustee | 10 | $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 | $378,037 |
| Noncash contributions included in lines 1a–1f | $1,481 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,037 |
| Total Program Service Revenue | $0 |
| Investment income | $772 |
| 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 | $382,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $438,440 |
| 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 | $0 |
| 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 | $5,833 |
| Insurance | $3,044 |
| All other expenses | $1,294 |
| Total functional expenses | $515,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,659 |
| Savings and temporary cash investments | $488,215 |
| 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 | $2,032,506 |
| Investments—other securities | $0 |
| Investments—program-related | $223,833 |
| Intangible assets | $11,667 |
| Other assets | $15,872 |
| Total assets | $2,811,752 |
| Accounts payable and accrued expenses | $1,175 |
| Grants payable | $682,997 |
| 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 | $684,172 |
| Net assets without donor restrictions | $87,983 |
| Net assets with donor restrictions | $2,039,597 |
| 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 | $2,811,752 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Kennedy King Memorial College Scholarship Fund has recieved totaling $64,813.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $39,478 |
Simpson Foundation Orinda, CA PURPOSE: TO PROVIDE FUNDS FOR STUDENT FINANCIAL AID AND SCHOLARSHIPS TO UNDERREPRESENTED MINORITY STUDENTS ATTENDING OR COMING FROM ONE OF THE THREE CONTRA COSTA COUNTY COMMUNITY COLLEGES. | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,681 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,050 |
Justice Justice Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Silvio And Mary Garaventa Family Foundation Concord, CA PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $1,675,813 |
| Earnings | $338,754 |
| Net Contributions | $111,132 |
| Grants | $86,101 |
| Ending Balance | $2,039,598 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |