Devin Lomax Bolkcom Smith Scholarsh

EIN: 320363445 501(c)(3) Education

Saint Paul, MN

Total Revenue
$137,966
Total Expenses
$90,923
Total Assets
$709,644
Net Assets
$689,923
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MN
Principal Officer
Aaron Rosenthal
Tax Period
2023-01-01 to 2023-12-31

Devin Lomax Bolkcom Smith Scholarsh, founded in 2012, is a small nonprofit in the Education sector that reported $138K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $47K, a strong 34% operating margin.

Mission

The Devin Smith Scholarship Foundation awards college scholarships to students from St Paul Central High School because it is a place that embraces diversity, fosters academic excellence, and ultimately cultivates creativity.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $94,807
Program Service Revenue $0
Investment Income $43,159
Other Revenue $0
TOTAL REVENUE $137,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $86,419
Other Expenses $90,923
TOTAL EXPENSES $90,923

Year-over-Year Comparison

2023 2022 Change
Revenue $137,966 $234,048 -0.4%
Expenses $90,923 $124,965 -0.3%
Net Income $47,043 $109,083 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charlie Brower Director 1.00
Director
$0 $0 $0
Naajee Dennis Director 2.00
Director
$0 $0 $0
Karen Parker Director 1.00
Director
$0 $0 $0
Anthony Sims Director 2.00
Director
$0 $0 $0
Toby Tane Director 1.00
Director
$0 $0 $0
Danny Kim Director 1.25
Director
$0 $0 $0
Maddie Scanlan Director 1.00
Director
$0 $0 $0
Tyler MacNeal Director 1.00
Director
$0 $0 $0
Kristin Cajacob Director 0.12
Director
$0 $0 $0
Brennan Smith Director 2.00
Director
$0 $0 $0
Mary E Bolkcom Director 2.00
Director
$0 $0 $0
Zak Prauer Director 0.50
Director
$0 $0 $0
Caleb Olson Director 0.05
Director
$0 $0 $0
Neal Wehrwein Director 0.00
Director
$0 $0 $0
Russell Belk Director 1.00
Director
$0 $0 $0
Claire E Smith Director 0.00
Director
$0 $0 $0
Kumar Balasubarahmanyan Vice Chair 4.00
Officer
$0 $0 $0
Aaron Rosenthal Board Chairman 6.00
Officer
$0 $0 $0
Robert King Secretary 5.00
Officer
$0 $0 $0
James M Granse Treasurer 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $137,966 $90,923 $709,644 $47,043
2022 $234,048 $124,965 $626,050 $109,083
2021 $123,251 $60,125 $604,625 $63,126
2020 $92,044 $59,444 $535,663 $32,600
2019 $171,550 $93,491 $463,633 $78,059
2018 $87,158 $75,915 $360,012 $11,243
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