Everly Scholarship Fund Inc
- Assets
- $2.7m
- Revenue
- $119.9k
- Investments
- $2.7m
- Employees
- 0
- Location
- Moorestown, NJ
- Founding
- 05/1992
- Data as of
- 03/2024
- EIN
- 22-3161410
Organization Overview
Everly Scholarship Fund Inc is located in Moorestown, NJ. The organization was established in 1992. 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. Everly Scholarship 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 03/2024, Everly Scholarship Fund Inc generated $119.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $144.4k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Everly Scholarship Fund Inc has awarded 59 individual grants totaling $623,750. 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
FINANCIAL ASSISTANCE PROVIDED IN THE FORM OF SCHOLARSHIPS TOEDUCATIONAL INSTITUTIONS ON BEHALF OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Lolio Jr President | 0 | $0 | |
Tracy L Kozlowski V.p | 0 | $0 | |
Patricia Lolio Sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $332 |
| Dividends & Interest | $85,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,743 |
| Capital Gain Net Income | $16,804 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,879 |
| 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 | $28,783 |
| Total operating and administrative expenses | $35,631 |
| Contributions, gifts, grants paid | $108,750 |
| Total expenses and disbursements | $144,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4 |
| Savings and temporary cash investments | $17,592 |
| 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 | $2,715,273 |
| 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, Everly Scholarship Fund Inc has awarded $108,750 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MICHELLE SCAGLION PURPOSE: TO FULFILL EXEMPT PURPOSE | $1,250 |
ELIZABETH FINNEGAN PURPOSE: TO FULFIL EXEMPT PURPOSE | $2,500 |
KATHLEEN LINDA GSELL PURPOSE: TO FULFIL EXEMPT PURPOSE | $2,500 |
DYLAN GSELL PURPOSE: TO FULFIL EXEMPT PURPOSE | $2,500 |
CAMDEN SCHOLARS PROGRAMS PURPOSE: TO FULFIL EXEMPT PURPOSE | $90,000 |
HAILEY M DILKS PURPOSE: TO FULFIL EXEMPT PURPOSE | $2,500 |