Hero Scholarship Fund Of Philadelphia Inc
- Assets
- $1.0m
- Revenue
- $79.2k
- Investments
- $965.5k
- Employees
- 0
- Location
- Drexel Hill, PA
- Founding
- 07/1958
- Data as of
- 12/2017
- EIN
- 23-1552260
Organization Overview
Hero Scholarship Fund Of Philadelphia Inc is located in Drexel Hill, PA. The organization was established in 1958. 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. Hero Scholarship Fund Of Philadelphia 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 12/2017, Hero Scholarship Fund Of Philadelphia Inc generated $79.2k 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 (6.1%) each year. All expenses for the organization totaled $110.7k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Rhode Esquire President | 10 | $0 | |
Peter A Tyrrell Jr Board Of Director | 5 | $0 | |
Robert Green Board Of Director | 5 | $0 | |
Dr Kenneth R Cundy Board Of Director | 5 | $0 | |
Dominic Giordano Board Of Director | 5 | $0 | |
Thomas Mcgrath Board Of Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,423 |
| Dividends & Interest | $24,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,124 |
| Capital Gain Net Income | $46,124 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $844 |
| Total Revenue | $79,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $7,200 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,453 |
| Depreciation | $148 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,609 |
| Total operating and administrative expenses | $21,008 |
| Contributions, gifts, grants paid | $89,662 |
| Total expenses and disbursements | $110,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891 |
| Savings and temporary cash investments | $60,225 |
| 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 | $76 |
| Other assets | $3,902 |
| Total assets | $1,030,625 |
| 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, Hero Scholarship Fund Of Philadelphia Inc has awarded $89,662 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NICOLE ORTIZ-SIFFEL PURPOSE: COLLEGE TUITION AND BOOKS - CEDAR CREST COLLEGE | $40,944 |
ANNE JOHNSON PURPOSE: COLLEGE TUITION AND BOOKS - MARYWOOD UNIVERSITY | $10,480 |
BROOKE MCGINLEY PURPOSE: COLLEGE TUITION AND BOOKS - ROWAN UNIVERSITY TECHNOLOGY | $9,646 |
NAEDIA WILLIAMS PURPOSE: COLLEGE TUITION AND BOOKS - PENNSYLVANIA INSTITUTE OF TECHNOLOGY | $7,301 |
MONEISHA WILLIAMS PURPOSE: COLLEGE TUITION AND BOOKS - RESTAURANT SCHOOL AT WALNUT HILL COLLEGE | $5,916 |
NIERRA WILLIAMS PURPOSE: COLLEGE TUITION AND BOOKS - PA INSTITUTE OF TECHNOLOGY | $5,460 |
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 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
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 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |