Police Athletic League Of Philadelphia Scholarship Foundatio
- Assets
- $1.9m
- Revenue
- $106.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 09/1989
- Data as of
- 08/2023
- EIN
- 23-2535356
Organization Overview
Police Athletic League Of Philadelphia Scholarship Foundatio is located in Philadelphia, PA. The organization was established in 1989. 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. Police Athletic League Of Philadelphia Scholarship Foundatio 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 08/2023, Police Athletic League Of Philadelphia Scholarship Foundatio generated $106.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $156.3k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS TO PAL YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POLICE ATHLETIC LEAGUE SCHOLARSHIP FUND PROVIDES ACADEMIC SCHOLARSHIPS TO PHILADELPHIA YOUTH INVOLVED WITH POLICE ATHLETIC LEAGUE OF PHILADELPHIA FROM 15 PAL CENTERS. THIS INCLUDES MENTORING FOR STUDENTS WHO ARE PAIRED WITH SPONSORS DEPENDING ON THEIR CHOSEN MAJOR. SPONSORS MONITOR STUDENT'S PROGRESS. THEY HELP WITH PROVIDING STUDENTS WITH SUMMER JOBS OR INTERNSHIPS. THE POLICE ATHLETIC LEAGUE SCHOLARSHIP FUND ALSO PROVIDES ACADEMIC SCHOLARSHIPS TO GRADUATE SCHOOL RECIPIENTS WITH THE POSSIBILITY FOR RECEIVING TWO GRADUATE SCHOOL SCHOLARSHIPS, EACH $5,000, TWO UNDERGRADUATE SCHOOL SCHOLARSHIPS, EACH $5,000, THREE UNDERGRADUATE SCHOOL SCHOLARSHIPS, EACH $2,500 AND COUPLE OF OTHER SCHOLARSHIPS EACH $1,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Thomas-Jones Executive Director | Officer | 3 | $0 |
Daniel Glackin Dir. Of Fin. & Admin | Officer | 3 | $0 |
Vincent Giannini President | OfficerTrustee | 4 | $0 |
Susan Slawson Treasurer | OfficerTrustee | 4 | $0 |
Frank M Correll Jr ESQ Board Member | Trustee | 1 | $0 |
Sharla Feldscher Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,539 |
| Total Program Service Revenue | $0 |
| Investment income | $39,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $62,500 |
| 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 | $14,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,042 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $156,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,633 |
| Savings and temporary cash investments | $176,671 |
| 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 | $35,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,630,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,861,729 |
| Accounts payable and accrued expenses | $14,000 |
| 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 | $191,700 |
| Total liabilities | $205,700 |
| Net assets without donor restrictions | $1,505,161 |
| Net assets with donor restrictions | $150,868 |
| 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 | $1,861,729 |