Scte Foundation Inc
- Assets
- $3.6m
- Revenue
- $255.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Exton, PA
- Founding
- 11/2005
- Data as of
- 06/2021
- EIN
- 20-3131269
Organization Overview
Scte Foundation Inc is located in Exton, PA. The organization was established in 2005. 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. Scte 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 06/2021, Scte Foundation Inc generated $255.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $366.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Scte Foundation Inc has awarded 11 individual grants totaling $206,332. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THE CONTINUED ABILITY OF A DIVERSE WORKFORCE TO POSITIVELY IMPACT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS - PROVIDE GRANTS AND SCHOLARSHIPS TO ASSIST SCTE MEMBERS IN THEIR CONTINUAL PURSUIT OF KNOWLEDGE, TRAINING AND PROFESSIONAL DEVELOPMENT IN THE CABLE TELECOMMUNICATION INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meena Soleiman Treasurer | OfficerTrustee | 5 | $0 |
Mark Dzuban Secretary | OfficerTrustee | 5 | $0 |
Yvette Kanouff Vice President | OfficerTrustee | 5 | $0 |
Mark Hess President | OfficerTrustee | 5 | $0 |
Tom Adams Member | Trustee | 1 | $0 |
John Dicandilo Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,947 |
| Investment income | $41,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $176,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $32,033 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $561 |
| Fees for services: Accounting | $17,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,586 |
| Fees for services: Other | $17,500 |
| Advertising and promotion | $11,664 |
| Office expenses | $1 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $1,470 |
| All other expenses | $0 |
| Total functional expenses | $366,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,880 |
| Savings and temporary cash investments | $1,007,302 |
| Pledges and grants receivable | $1,494 |
| Accounts receivable, net | $0 |
| 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 | $5,839 |
| Investments—publicly traded securities | $2,300,014 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,573,529 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,573,529 |
Grants Awarded
Over the last fiscal year, Scte Foundation Inc has awarded $58,980 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Exton, PA PURPOSE: TO PRODUCE VIDEO REGARDING CABLE CUTS $17,490, TO SUPPORT PRODUCTION OF LESSONS $4,000 | $21,490 |
Exton, PA PURPOSE: TO PRODUCE VIDEO REGARDING CABLE CUTS $17,490, TO SUPPORT PRODUCTION OF LESSONS $4,000 | $21,490 |
Manchester, NH PURPOSE: SPONSORSHIP FOR FIRST TEAMS | $8,000 |
Manchester, NH PURPOSE: SPONSORSHIP FOR FIRST TEAMS | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Scte Foundation Inc has recieved totaling $20,011.
| Awarding Organization | Amount |
|---|---|
Hildenbrand Family Foundation Smithtown, NY PURPOSE: UNRESTRICTED | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |