Adelphic-Cornell Educational Fund Inc
- Assets
- $857.0k
- Revenue
- $100.4k
- Investments
- $832.6k
- Employees
- 0
- Location
- Plainfield, NJ
- Founding
- 11/1961
- Data as of
- 04/2024
- 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 04/2024, Adelphic-Cornell Educational Fund Inc generated $100.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $60.1k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Adelphic-Cornell Educational Fund Inc has awarded 18 individual grants totaling $108,062. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP EDUCATION PROGRAM GRANT
ALPHA DELTA PHI INTERNET PROVIDER GRANT
ACADEMIC AWARDS TO CORNELL UNIVERSITY UNDERGRADUATE FOR EXCELLENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven D Ritchey President | 2.5 | $0 | |
Ron Schaefer Treasurer | 1 | $0 | |
James C Harberson III Secretary | 0.5 | $0 | |
Peter Derby Fifield Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,050 |
| Interest on Savings | $187 |
| Dividends & Interest | $19,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,886 |
| Capital Gain Net Income | $73,191 |
| Net ST Capital Gain | $61,424 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,374 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,554 |
| Total operating and administrative expenses | $2,204 |
| Contributions, gifts, grants paid | $57,925 |
| Total expenses and disbursements | $60,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,591 |
| Savings and temporary cash investments | $7,782 |
| 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 | $832,598 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $856,971 |
| 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 $57,925 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY OUTDOOR ED PURPOSE: LEADERSHIP EDUCATION PROGRAM | $40,000 |
CORNELL UNIVERSITY PURPOSE: INTERNET SERVICE PROVISION GRANT | $9,425 |
CORNELL UNIVERSITY PURPOSE: ACADEMIC AWARDS | $8,500 |