Edwin J Berkowitz Scholarship Foundation Inc
- Assets
- $1.5k
- Revenue
- $7.5k
- Investments
- $1.5k
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- Data as of
- 09/2018
- EIN
- 22-3402191
Organization Overview
Edwin J Berkowitz Scholarship Foundation Inc is located in Bryn Mawr, PA.
For the year ending 09/2018, Edwin J Berkowitz Scholarship Foundation Inc generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.9%) each year. All expenses for the organization totaled $29.0k during the year ending 09/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE (I.E. SCHOLARSHIPS) TO ELIGIBLE EMPLOYEES AND CHILDREN OF ELIGIBLE EMPLOYEES OF J. E. BERKOWITZ, L.P. IN ORDER TO
ASSIST SUCH SCHOLARSHIP RECIPIENTS ENTERING AND/OR COMPLETING POST-HIGH SCHOOL EDUCATION, INCLUDING AN UNDERGRADUATE EDUCATION IN THE FIELD OF HIS OR HER CHOICE
AT THE COLLEGE OR UNIVERSITY AT HIS OR HER CHOICE, OR TECHNICAL OR VOCATION TRAINING IN THE FIELD OF HIS OR HER CHOICE AT AN APPROPRIATE SCHOOL OR OTHER INSTITUTION.
SEE PART XV-SUPPLEMENTARY INFORMATION LINE 2 FOR ELIGIBILITY REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur M Berkowitz Trustee/president | 0.1 | $0 | |
Shawn Smith Trustee/cfo | 0.1 | $0 | |
Arthur M Berkowitz Trustee/president | 0.1 | $0 | |
Shawn Smith Trustee/cfo | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,710 |
| Capital Gain Net Income | $6,710 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,544 |
| 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 | $25 |
| Total operating and administrative expenses | $6,025 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $29,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1 |
| 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 | $1,539 |
| 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, Edwin J Berkowitz Scholarship Foundation Inc has awarded $23,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES TETRAULT PURPOSE: SCHOLARSHIP | $5,750 |
MORGAN JACKSON PURPOSE: SCHOLARSHIP | $5,750 |
TAYLOR DIXON PURPOSE: SCHOLARSHIP | $5,750 |
JENNIFER DIXON PURPOSE: SCHOLARSHIP | $5,750 |