New Jersey Scholars Program Inc
- Assets
- $348.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrenceville, NJ
- Founding
- 04/1996
- Data as of
- 08/2022
- EIN
- 22-3407230
Organization Overview
New Jersey Scholars Program Inc is located in Lawrenceville, 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. New Jersey Scholars Program 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 08/2022, New Jersey Scholars Program Inc generated $155.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $150.4k during the year ending 08/2022. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SUMMER ACADEMIC PROGRAM HONORING 39 OUTSTANDING HIGH SCHOOL JUNIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Morgan Program Administrator | 15 | $22,570 | |
Scott Barnard Director | 10 | $10,000 | |
J Leonard Teti II President | 2 | $0 | |
Heidi Dreyfuss Treasurer | 2 | $0 | |
Adam Offenhartz Vice-President | 1 | $0 | |
Akash Bahl Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,707 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,583 |
| Gain or Loss | $5,165 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $155,455 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $90,154 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,485 |
| Other expenses | $58,758 |
| Total expenses | $150,397 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $348,510 |
| Other assets | $0 |
| Total assets | $348,573 |
| Total liabilities | $39,768 |
| Net assets or fund balances | $308,805 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that New Jersey Scholars Program Inc has recieved totaling $43,596.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $37,796 |
Iowa Foundation For Education Environment And The Arts Phoenix, AZ PURPOSE: GENERAL OPERATING BUDGET | $5,000 |
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF RF DONATIONS TO CHARITABLE ORGANIZATIONS | $375 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $300 |
Besite Foundation Inc Towaco, NJ PURPOSE: CHARITABLE | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
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 |
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 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |