Meyer Scholarship Foundation Inc
- Assets
- $2.6m
- Revenue
- $125.7k
- Investments
- $2.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 20-2963332
Organization Overview
Meyer Scholarship Foundation Inc is located in Pittsburgh, PA. The organization was established in 2007. 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. Meyer Scholarship Foundation 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 12/2023, Meyer Scholarship Foundation Inc generated $125.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $164.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Meyer Scholarship Foundation Inc has awarded 15 individual grants totaling $412,525. 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 |
|---|---|---|---|
Michael D Foglia Trustee | 2 | $28,880 | |
Linda M Disk Trustee | 2 | $3,458 | |
Teri Michaels Trustee | 2 | $2,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $77 |
| Dividends & Interest | $115,953 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,661 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,687 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,449 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $67,469 |
| Contributions, gifts, grants paid | $97,083 |
| Total expenses and disbursements | $164,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,746 |
| 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 | $2,594,251 |
| 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, Meyer Scholarship Foundation Inc has awarded $97,083 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
US DEPARTMENT OF EDUCATION PURPOSE: EDUCATIONAL GRANT | $52,420 |
WASHINGTON AND JEFFERSON UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $18,189 |
LA ROCHE UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $11,142 |
SLIPPERY ROCK UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $15,332 |