City Scholars Foundation
- Assets
- $864.6k
- Revenue
- $270.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Los Angeles, CA
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 95-4435039
Organization Overview
City Scholars Foundation is located in Los Angeles, CA. The organization was established in 1994. 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, City Scholars Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City 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, City Scholars Foundation generated $270.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $290.7k during the year ending 12/2022. While expenses have increased by 9.6% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS A TAX-EXEMPT, FOR PURPOSE CORPORATION FOUNDED IN 1993, CITY SCHOLARS FOUNDATION HELPS EDUCATION NONPROFITS THRIVE TO GIVE THOUSANDS OF LOW-INCOME YOUTH A BETTER CHANCE TO LEARN AND ACHIEVE AGAINST THE ODDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY SCHOLARS FELLOWSHIP FOR EDUCATION: IN HIGH-POVERTY, UNDER-RESOURCED COMMUNITIES, EDUCATION NONPROFITS PLAY A CRITICAL ROLE HELPING YOUTH SUCCEED BOTH IN AND OUT OF THE CLASSROOM. TO SURVIVE AND THRIVE, EDUCATION NONPROFITS DEPEND UPON RESOURCEFUL AND RESILIENT LEADERS WHO NEED MORE THAN HEART TO KEEP THE LIGHTS ON AND THE DOORS OPEN. THEY NEED, BUT SELDOM CAN AFFORD NOR FIND THROUGH ONE PROGRAM, THE CONTINUING EDUCATION, LEADERSHIP COACHING, BUSINESS AND PEER MENTORING, EXECUTIVE NETWORKING AND CRITICAL ACCOUNTABILITY THAT OUR CITY SCHOLARS FELLOWSHIP FOR EDUCATION PROVIDES TUITION-FREE AS A COLLABORATIVE, HIGH-IMPACT NONPROFIT LEADERSHIP AND CAPACITY BUILDING INSTITUTE. PARTNERING WITH EXECUTIVE VOLUNTEERS, OUR FELLOWSHIP FOR EDUCATION INVESTS IN AND PARTNERS WITH HIGHLY-MOTIVATED NONPROFIT CEOS (DISTINGUISHED AS CITY SCHOLARS FOUNDATION FELLOWS) TO GROW AFTER-SCHOOL, SCHOOL-BASED AND EDUCATION-FOCUSED NONPROFITS FROM SURVIVAL TO SUCCESS TO SIGNIFICANCE. OUR FOUNDATION FELLOWS AND THE EDUCATION NONPROFITS THEY LEAD COLLABORATE EACH YEAR TO HELP OVER 50,000 PREDOMINANTLY LOW-INCOME, ETHNICALLY DIVERSE YOUTH THROUGHOUT SOUTHERN CALIFORNIA PREPARE FOR COLLEGE, CAREER AND/OR COMMUNITY LEADERSHIP. BE INSPIRED AT WWW.CITYSCHOLARS.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Ann Hogan Founder & President/ceo | OfficerTrustee | 40 | $95,000 |
Carl Engle Chairman | OfficerTrustee | 2 | $0 |
Tracey Carpentier Secretary/treasurer | OfficerTrustee | 1 | $0 |
Katie Delaney Board Member | Trustee | 1 | $0 |
Eric Johnson Board Member | Trustee | 1 | $0 |
Darin Kita Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,255 |
| Total Program Service Revenue | $0 |
| Investment income | $3,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,299 |
| Compensation of current officers, directors, key employees. | $5,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,927 |
| Payroll taxes | $14,307 |
| 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 | $1,682 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43 |
| Office expenses | $1,671 |
| Information technology | $2,454 |
| Royalties | $0 |
| Occupancy | $991 |
| Travel | $5,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,513 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,600 |
| All other expenses | $25,000 |
| Total functional expenses | $290,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $453,287 |
| Pledges and grants receivable | $88,530 |
| 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 | $1,035 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $318,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,710 |
| Total assets | $864,635 |
| Accounts payable and accrued expenses | $209 |
| 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 | $415,428 |
| Other liabilities | $4,688 |
| Total liabilities | $420,325 |
| Net assets without donor restrictions | $135,951 |
| Net assets with donor restrictions | $308,359 |
| 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 | $864,635 |