Scaife Scholarship Foundation is located in Oakland, CA. The organization was established in 1964. 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. Scaife Scholarship 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 05/2023, Scaife Scholarship Foundation generated $801.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $614.3k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
PROVIDING DIRECT SCHOLARSHIP GRANTS TO INDIVIDUALS
RELATED ADMINISTRATIVE EXPENSES
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Miller President | 2 | $0 | |
Bill K'burg Vice President | 0.5 | $0 | |
Cal Gilbert Secretary/treasurer | 32 | $22,575 | |
David Arp Trustee | 0.5 | $0 | |
Hans Bissinger Trustee | 0.5 | $0 | |
Dallas Cason Trustee | 0.5 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $290,971 |
| Dividends & Interest | $319,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $190,867 |
| Capital Gain Net Income | $190,867 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $801,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,575 |
| Other employee salaries and wages | $12,793 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,038 |
| Depreciation | $0 |
| Occupancy | $6,630 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $380 |
| Other expenses | $42,336 |
| Total operating and administrative expenses | $108,602 |
| Contributions, gifts, grants paid | $505,710 |
| Total expenses and disbursements | $614,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,184 |
| Savings and temporary cash investments | $43,579 |
| Net Accounts receivable | $24,829 |
| 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 | $11,687,126 |
| Accounts payable and accrued expenses | $193,093 |
| Grants payable | $1,044,533 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,937 |
| Total liabilities | $1,247,563 |