Fmi Scholarship Foundation Inc
- Assets
- $54.4k
- Revenue
- $82.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Branchville, NJ
- Founding
- 10/1996
- Data as of
- 12/2020
- EIN
- 22-3394738
Organization Overview
Fmi Scholarship Foundation Inc is located in Branchville, NJ. The organization was established in 1996. 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. Fmi 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 12/2020, Fmi Scholarship Foundation Inc generated $82.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $71.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fmi Scholarship Foundation Inc has awarded 147 individual grants totaling $367,500. 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 |
|---|---|---|---|
George H Guptill Jr Trustee | 0 | $0 | |
James P Ayers Trustee | 0 | $0 | |
Brian Lytwnec Trustee | 0 | $0 | |
Vince Noggle Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,500 |
| Interest on Savings | $15 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,515 |
| 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 | $30 |
| Total operating and administrative expenses | $30 |
| Contributions, gifts, grants paid | $71,500 |
| Total expenses and disbursements | $71,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,436 |
| 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 | $54,436 |
| 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, Fmi Scholarship Foundation Inc has awarded $71,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ZENYA YANOFF PURPOSE: POST-SECONDARY EDUCATION | $2,500 |
ROBERT OSBORN PURPOSE: POST-SECONDARY EDUCATION | $2,500 |
NICOLE RODAK PURPOSE: POST-SECONDARY EDUCATION | $2,000 |
KAREN DIAZ PURPOSE: POST-SECONDARY EDUCATION | $2,500 |
FAITH STEWART PURPOSE: POST-SECONDARY EDUCATION | $2,500 |
GRACE YOUNG PURPOSE: POST-SECONDARY EDUCATION | $2,500 |