John F Connelly Scholarship Fund
- Assets
- $6.7m
- Revenue
- $454.6k
- Investments
- $6.5m
- Employees
- 0
- Location
- Yardley, PA
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 23-2667541
Organization Overview
John F Connelly Scholarship Fund is located in Yardley, PA. The organization was established in 1992. 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. John F Connelly Scholarship 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, John F Connelly Scholarship Fund generated $454.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $333.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDING EDUCATIONAL SCHOLARSHPS IS THE SOLE CHARITABLE ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Donahue President | 0 | $0 | |
Kevin C Clothier Vice President CFO | 0 | $0 | |
Emily C Riley Trustee | 0 | $0 | |
David A Beaver VP Treasurer | 0 | $0 | |
Joseph C Pearce Vice President | 0 | $0 | |
Rosemary M Haselroth Assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $123,831 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $330,752 |
| Capital Gain Net Income | $330,752 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $454,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,050 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $521 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,571 |
| Contributions, gifts, grants paid | $332,000 |
| Total expenses and disbursements | $333,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,850 |
| Savings and temporary cash investments | $0 |
| 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 | $4,906,364 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,685,204 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $129,029 |
| 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 | $129,029 |
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