Michael Aiello Memorial Agricultural Scholarship Fund
- Assets
- $306.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hollister, CA
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 20-8759548
Organization Overview
Michael Aiello Memorial Agricultural Scholarship Fund is located in Hollister, CA. The organization was established in 2008. 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. Michael Aiello Memorial Agricultural Scholarship Fund 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 12/2022, Michael Aiello Memorial Agricultural Scholarship Fund generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ENCOURAGE AND PERPETUATE THE STUDY OF AGRICULTURUAL SCIENCES AT THE SECONDARY LEVEL; AND TO AWARD COLLEGE SCHOLARSHIPS TO THOSE INDIVIDUALS WHO INTEND TO STUDY AGRICULTURUAL SCIENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Aiello President & CEO | 2 | $0 | |
Peter Aiello Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,049 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,336 |
| Gain or Loss | $7,101 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,486 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,295 |
| Total expenses | $4,095 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,717 |
| Other assets | $0 |
| Total assets | $306,717 |
| Total liabilities | $0 |
| Net assets or fund balances | $306,717 |