Adelphic-Cornell Educational Fund Inc
- Assets
- $919.8k
- Revenue
- $109.1k
- Investments
- $835.4k
- Employees
- 0
- Location
- Plainfield, NJ
- Founding
- 11/1961
- Data as of
- 04/2022
- EIN
- 16-6023220
Organization Overview
Adelphic-Cornell Educational Fund Inc is located in Plainfield, NJ. The organization was established in 1961. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Adelphic-Cornell Educational Fund Inc 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 04/2022, Adelphic-Cornell Educational Fund Inc generated $109.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $16.2k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC AWARDS TO CORNELL UNIVERSITY UNDERGRADUATE FOR HIGH AVERAGE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven D Ritchey President | 2.5 | $0 | |
Ron Schaefer Treasurer | 1 | $0 | |
James C Haberson III Secretary | 0.5 | $0 | |
Peter Derby Fifield Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,194 |
| Interest on Savings | $5 |
| Dividends & Interest | $26,172 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,755 |
| Capital Gain Net Income | $51,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,899 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,686 |
| Total operating and administrative expenses | $6,235 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $16,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,854 |
| Savings and temporary cash investments | $72,512 |
| 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 | $835,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $919,766 |
| 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, Adelphic-Cornell Educational Fund Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMIC AWARDS PURPOSE: EDUCATION | $8,000 |
FOUNDATION FOR INDIVIDUAL RIGHTS PURPOSE: EDUCATION | $2,000 |
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