Joint Council No 73 Scholarship Trust Fund
- Assets
- $622.2k
- Revenue
- $15.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, NJ
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 22-6017773
Organization Overview
Joint Council No 73 Scholarship Trust Fund is located in Springfield, NJ. The organization was established in 1976. 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. Joint Council No 73 Scholarship Trust Fund 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 12/2021, Joint Council No 73 Scholarship Trust Fund generated $15.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $89.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joint Council No 73 Scholarship Trust Fund has awarded 366 individual grants totaling $472,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATION SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Petillo Vice President | 1 | $0 | |
Alphonse Rispoli Jr President | 1 | $0 | |
Ernie Soehl Sec-Treasurer (resigned) | 1 | $0 | |
Robert Cherney Trustee | 1 | $0 | |
James Kane Trustee | 1 | $0 | |
Dan Kreiser Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,949 |
| 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 | $13,355 |
| Total Revenue | $15,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$7,924 |
| Total operating and administrative expenses | -$6,786 |
| Contributions, gifts, grants paid | $96,250 |
| Total expenses and disbursements | $89,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,773 |
| Savings and temporary cash investments | $620,476 |
| 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 | $622,249 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $160,000 |
| 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 | $160,000 |
Grants Awarded
Over the last fiscal year, Joint Council No 73 Scholarship Trust Fund has awarded $96,250 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
SARA OGANIACZYK PURPOSE: EDUCATION SCHOLARSHIP | $3,000 |
ALYSSA CAPASSO PURPOSE: EDUCATION SCHOLARSHIP | $2,250 |
CANDY GRECZYLO PURPOSE: EDUCATION SCHOLARSHIP | $2,000 |
CARLY O'SULLIVAN PURPOSE: EDUCATION SCHOLARSHIP | $2,000 |
GABRIELLA CERBO PURPOSE: EDUCATION SCHOLARSHIP | $2,000 |
EMILY MCQUAID PURPOSE: EDUCATION SCHOLARSHIP | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Joint Council No 73 Scholarship Trust Fund has recieved totaling $325.
| Awarding Organization | Amount |
|---|---|
Robert And Carole Cerasia Foundation Inc Caldwell, NJ PURPOSE: SUSTAINING | $325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |