Division A Education & Scholarship Fund
- Assets
- $192.8k
- Revenue
- $43.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 13-4181778
Organization Overview
Division A Education & Scholarship Fund is located in New York, NY. The organization was established in 2003. 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. Division A Education & 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 06/2022, Division A Education & Scholarship Fund generated $43.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $42.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Division A Education & Scholarship Fund has awarded 98 individual grants totaling $382,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Quinn Lipman Employer Trustee | 1 | $0 | |
Richard Maroko Union Trustee | 1 | $0 | |
Vijay Dandapani Employer Trustee | 1 | $0 | |
Shane Cookman Employer Trustee | 1 | $0 | |
Amy Bokerman Union Trustee | 1 | $0 | |
Tom Olivia Union Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $215 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,315 |
| Total Revenue | $43,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,879 |
| Pension plans, employee benefits | $1,696 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,258 |
| Total operating and administrative expenses | $18,125 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $42,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $184,516 |
| Net Accounts receivable | $7,591 |
| 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 | $654 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $192,761 |
| Accounts payable and accrued expenses | $10,215 |
| Grants payable | $51,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $787 |
| Total liabilities | $62,002 |
Grants Awarded
Over the last fiscal year, Division A Education & Scholarship Fund has awarded $70,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERY LIN - STONY BROOK UNIVERSIT PURPOSE: SCHOLARSHIP | $3,000 |
JESSICA LIM - ST JOHNS UNIVERSITY PURPOSE: SCHOLARSHIP | $3,000 |
JEFFERY LIM - ST JOHNS UNIVERSITY PURPOSE: SCHOLARSHIP | $3,000 |
SUNNY KWONG - JOHN JAY COLLEGE PURPOSE: SCHOLARSHIP | $3,000 |
JACKY LIN - BINGHAMPTON UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
BRIAN CHAN - BINGHAMPTON UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |