Scholarship Fund Of Alexandria
- Assets
- $8.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Alexandria, VA
- Founding
- 07/2003
- Data as of
- 09/2023
- EIN
- 20-0031464
Organization Overview
Scholarship Fund Of Alexandria is located in Alexandria, VA. 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. As of 09/2023, Scholarship Fund Of Alexandria employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarship Fund Of Alexandria 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 09/2023, Scholarship Fund Of Alexandria generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 7.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO AWARD POST-SECONDARY EDUCATION SCHOLARSHIPS TO GRADUATES OF ALEXANDRIA CITY HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Schilling Treasurer | OfficerTrustee | 1 | $0 |
Kevin Jahns Chair | OfficerTrustee | 1 | $0 |
Maria Montiel-Matthews Vice Chair | OfficerTrustee | 1 | $0 |
Lois Berlin Secretary | OfficerTrustee | 1 | $0 |
Cindy Anderson Trustee | Trustee | 1 | $0 |
Priscilla Goodwin Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,965 |
| Membership dues | $0 |
| Fundraising events | $355,316 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,149,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,510,547 |
| Total Program Service Revenue | $0 |
| Investment income | $340,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $45,500 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,925,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,349,234 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $294,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,220 |
| Payroll taxes | $21,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,474 |
| Fees for services: Other | $44,220 |
| Advertising and promotion | $0 |
| Office expenses | $30,026 |
| Information technology | $10,837 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,060 |
| Insurance | $1,303 |
| All other expenses | $0 |
| Total functional expenses | $1,822,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $693,259 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,816 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,890 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,299,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,042,863 |
| Accounts payable and accrued expenses | $8,862 |
| Grants payable | $79,894 |
| Deferred revenue | $50,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $138,756 |
| Net assets without donor restrictions | $4,176,441 |
| Net assets with donor restrictions | $3,727,666 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,042,863 |