John Niamas Scholarship Fund
- Assets
- $577.2k
- Revenue
- $11.2k
- Investments
- $529.6k
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 06-6354878
Organization Overview
John Niamas Scholarship Fund is located in Bangor, ME. The organization was established in 1995. 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. John Niamas 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 12/2022, John Niamas Scholarship Fund generated $11.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $42.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bangor Savings Bank Co-Trustee | 2 | $4,361 | |
Lazardous C Vandis DMD Do-Trustee | 2 | $0 | |
Athanasios A Mayiakas Co-Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,418 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,515 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,343 |
| Total Revenue | $11,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,361 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $435 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,144 |
| Contributions, gifts, grants paid | $35,625 |
| Total expenses and disbursements | $42,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,676 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $577,237 |
| 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 |