Wilt Chamberlin Memorial Fund Inc
- Assets
- $2.5m
- Revenue
- $212.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Camden, NJ
- Founding
- 02/2003
- Data as of
- 06/2022
- EIN
- 23-3100335
Organization Overview
Wilt Chamberlin Memorial Fund Inc is located in Camden, NJ. The organization was established in 2003. 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. Wilt Chamberlin Memorial 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 06/2022, Wilt Chamberlin Memorial Fund Inc generated $212.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $132.3k during the year ending 06/2022. While expenses have increased by 13.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED TO ATHLETICALLY AND ACADEMICALLYTALENTED STUDENTS IN THE METROPOLITAN PHILADELPHIA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen A Cozen Director | 1 | $0 | |
William Cunningham Director | 1 | $0 | |
Barbara A Lewis Director | 1 | $0 | |
Lara Price Chair, President, And Dir. | 1 | $0 | |
Brad Shron Secretary, Director | 1 | $0 | |
Chris Heck Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $202 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,079 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,911 |
| Capital Gain Net Income | $164,911 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $212,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,724 |
| Total operating and administrative expenses | $44,315 |
| Contributions, gifts, grants paid | $88,000 |
| Total expenses and disbursements | $132,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,596 |
| Savings and temporary cash investments | $63,696 |
| Net Accounts receivable | $4,700 |
| 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 | $929,977 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $305,783 |
| Total assets | $2,487,046 |
| Accounts payable and accrued expenses | $9,880 |
| 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 | $9,880 |
Grants Awarded
Over the last fiscal year, Wilt Chamberlin Memorial Fund Inc has awarded $72,007 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL SCHOLARSHIP & TUITION SERVICES (ISTS) PURPOSE: SCHOLARSHIPS TO STUDENTS | $52,281 |
SCHOLARSHIPS PROVIDED TO VARIOUS IN PURPOSE: COLLEGE SCHOLARSHIPS | $19,726 |