Jamboree Scholarship Fund Inc
- Assets
- $138.9k
- Revenue
- $277.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 02/2002
- Data as of
- 09/2022
- EIN
- 22-3780216
Organization Overview
Jamboree Scholarship Fund Inc is located in Ridgewood, NJ. The organization was established in 2002. 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. Jamboree 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 09/2022, Jamboree Scholarship Fund Inc generated $277.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $244.2k during the year ending 09/2022. While expenses have increased by 4.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND IS ORGANIZED TO SUPPORT, ENCOURAGE AND FUND THE POST-SECONDARY EDUCATIONAL PURSUITS OF GRADUATES OF RIDGEWOOD HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED COLLEGE SCHOLARSHIPS GRANTED TO 25 STUDENTS INVOLVED IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Dru Pierce President Thru 7/1/22 | OfficerTrustee | 4 | $0 |
Diane Eliya Secretary | OfficerTrustee | 2 | $0 |
Diane Loughlin President From 7/1/22 | OfficerTrustee | 4 | $0 |
Steve Sonnick Co-Treasurer | OfficerTrustee | 2 | $0 |
Jack Macarthur Co-Treasurer | OfficerTrustee | 2 | $0 |
Fred Jubitz Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $183,042 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,962 |
| Total Program Service Revenue | $0 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,663 |
| Net Income from Gaming Activities | $20,905 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $227,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,288 |
| Office expenses | $695 |
| Information technology | $150 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,453 |
| All other expenses | $0 |
| Total functional expenses | $244,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,711 |
| Savings and temporary cash investments | $76,167 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $138,878 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,420 |
| Total liabilities | $5,420 |
| Net assets without donor restrictions | $133,458 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $138,878 |
Grants Awarded
Over the last fiscal year, Jamboree Scholarship Fund Inc has awarded $123,750 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: SCHOLARSHIP | $12,500 |
UNIVERSITY OF MICHIGAN PURPOSE: SCHOLARSHIP | $12,500 |
Villanova, PA PURPOSE: SCHOLARSHIP | $11,750 |
Poughkeepsie, NY PURPOSE: SCHOLARSHIP | $11,500 |
Syracuse, NY PURPOSE: SCHOLARSHIP | $10,750 |
UNIVERSITY OF MASSACHUSETTS PURPOSE: SCHOLARSHIP | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jamboree Scholarship Fund Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $7,000 |
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 |