Mabel Wilson Richards Scholarship Fund
- Assets
- $7.5m
- Revenue
- $160.3k
- Investments
- $7.5m
- Employees
- 0
- Location
- Marina Del Rey, CA
- Founding
- 09/1951
- Data as of
- 06/2023
- EIN
- 95-6021322
Organization Overview
Mabel Wilson Richards Scholarship Fund is located in Marina Del Rey, CA. The organization was established in 1951. 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. Mabel Wilson Richards 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.
Since 2015, Mabel Wilson Richards Scholarship Fund has awarded 204 individual grants totaling $2,669,295. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S ONLY ACTIVITY IS THE GRANTING OF SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanie C Freckmann Trustee | 20 | $34,271 | |
Barbara Sandler Trustee | 5 | $22,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $352,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$201,384 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,500 |
| Total Revenue | $160,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,271 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $7,303 |
| Taxes | $13,216 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,428 |
| Total operating and administrative expenses | $191,234 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $421,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,912 |
| 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 | $6,830 |
| Total assets | $7,459,864 |
| 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, Mabel Wilson Richards Scholarship Fund has awarded $230,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ART CENTER COLLEGE OF DESIGN PURPOSE: SCHOLARSHIPS | $5,000 |
HARVEY MUDD COLLEGE PURPOSE: SCHOLARSHIPS | $10,000 |
LOYOLA UNIVERSITY LAW SCHOOL PURPOSE: SCHOLARSHIPS | $10,000 |
MT SAINT MARY'S COLLEGE PURPOSE: SCHOLARSHIPS | $15,000 |
PITZER COLLEGE PURPOSE: SCHOLARSHIPS | $10,000 |
POMONA COLLEGE PURPOSE: SCHOLARSHIPS | $10,000 |