The Foundation Of The St Andrews Society Of Philadelphia
- Assets
- $4.3m
- Revenue
- $362.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 01/1960
- Data as of
- 06/2022
- EIN
- 23-6291406
Organization Overview
The Foundation Of The St Andrews Society Of Philadelphia is located in Philadelphia, PA. The organization was established in 1960. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The St Andrews Society Of Philadelphia 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, Foundation Of The St Andrews Society Of Philadelphia generated $362.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $157.0k during the year ending 06/2022. While expenses have increased by 0.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE SCHOLARSHIP FUNDING-U.S./SCOTLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED UNDERSTANDING BETWEEN THE UNITED STATES AND SCOTLAND BY AWARDING SCHOLARSHIPS TO CAREFULLY SELECTED STUDENTS IN THE PHILADELPHIA REGION TO STUDY IN SCOTLAND, AND TO CAREFULLY SELECTED STUDENTS IN SCOTLAND TO STUDY IN THE UNITED STATES. EACH YEAR, THE FOUNDATION CONTACTS 30 COLLEGES AND UNIVERSITIES IN THE REGION SURROUNDING THE PHILADELPHIA AREA, AND DELIVERS THE FOUNDATION'S APPLICATION FOR SCHOLARSHIP FOR ATTENDANCE ABROAD AT ONE OF FOUR SCOTTISH UNIVERSITIES. THE CANDIDATE MUST RANK ACADEMICALLY IN THE TOP 25% OF HIS/HER CLASS, BE NOMINATED BY THEIR SCHOOL DEAN OR FOREIGN STUDY HEAD, BE INVOLVED IN HIS/HER SCHOOL COMMUNITY, AND WILLING TO SPEND AN ENTIRE ACADEMIC YEAR ABROAD AT A SCOTTISH EDUCATIONAL INSTITUTION. EACH APPLICANT MUST PROVIDE A PERSONAL ESSAY, LETTERS OF RECOMMENDATION, AND TRANSCRIPT IN SUPPORT OF HIS/HER CANDIDACY TO THE SCHOLARSHIP COMMITTEE. NOMINEES WILL BE INVITED TO BE INTERVIEWED BY THE FOUNDATION'S SCHOLARSHIP COMMITTEE. NOMINEES ARE QUESTIONED TO DISCOVER WHICH APPLICANTS WILL REPRESENT THE FOUNDATION AND EXPERIENCE THE CULTURE, HISTORY, AND CHARACTER OF SCOTLAND AT THEIR CHOSEN UNIVERSITY SHOULD THEY BE AWARDED A SCHOLARSHIP. COMMITTEE MEMBERS INDEPENDENTLY RANK EACH CANDIDATE USING A SCORING RUBRIC, FROM WHICH THE WINNING CANDIDATES ARE SELECTED FOR AWARDS. BASED ON THEIR RANKING BY THE COMMITTEE, THE TOP SCORER RECEIVES FIRST CHOICE FOR A SCOTTISH UNIVERSITY, ETC. PERSONNEL AT THE ST. ANDREW'S UNIVERSITY IN SCOTLAND EXECUTE A SIMILAR VETTING PROCESS, AND SELECT AWARD WINNERS TO ATTEND COLLEGES IN PHILADELPHIA.
PROMOTED UNDERSTANDING BETWEEN THE UNITED STATES AND SCOTLAND BY AWARDING SCHOLARSHIPS TO CAREFULLY SELECTED STUDENTS IN THE PHILADELPHIA REGION TO STUDY IN SCOTLAND, AND TO CAREFULLY SELECTED STUDENTS IN SCOTLAND TO STUDY IN THE UNITED STATES. EACH YEAR, THE FOUNDATION CONTACTS 30 COLLEGES AND UNIVERSITIES IN THE REGION SURROUNDING THE PHILADELPHIA AREA, AND DELIVERS THE FOUNDATION'S APPLICATION FOR SCHOLARSHIP FOR ATTENDANCE ABROAD AT ONE OF FOUR SCOTTISH UNIVERSITIES. THE CANDIDATE MUST RANK ACADEMICALLY IN THE TOP 25% OF HIS/HER CLASS, BE NOMINATED BY THEIR SCHOOL DEAN OR FOREIGN STUDY HEAD, BE INVOLVED IN HIS/HER SCHOOL COMMUNITY, AND WILLING TO SPEND AN ENTIRE ACADEMIC YEAR ABROAD AT A SCOTTISH EDUCATIONAL INSTITUTION. EACH APPLICANT MUST PROVIDE A PERSONAL ESSAY, LETTERS OF RECOMMENDATION, AND TRANSCRIPT IN SUPPORT OF HIS/HER CANDIDACY TO THE SCHOLARSHIP COMMITTEE. NOMINEES WILL BE INVITED TO BE INTERVIEWED BY THE FOUNDATION'S SCHOLARSHIP COMMITTEE. NOMINEES ARE QUESTIONED TO DISCOVER WHICH APPLICANTS WILL REPRESENT THE FOUNDATION AND EXPERIENCE THE CULTURE, HISTORY, AND CHARACTER OF SCOTLAND AT THEIR CHOSEN UNIVERSITY SHOULD THEY BE AWARDED A SCHOLARSHIP. COMMITTEE MEMBERS INDEPENDENTLY RANK EACH CANDIDATE USING A SCORING RUBRIC, FROM WHICH THE WINNING CANDIDATES ARE SELECTED FOR AWARDS. BASED ON THEIR RANKING BY THE COMMITTEE, THE TOP SCORER RECEIVES FIRST CHOICE FOR A SCOTTISH UNIVERSITY, ETC. PERSONNEL AT THE ST. ANDREW'S UNIVERSITY IN SCOTLAND EXECUTE A SIMILAR VETTING PROCESS, AND SELECT AWARD WINNERS TO ATTEND COLLEGES IN PHILADELPHIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Macfarlane President | Officer | 1 | $0 |
Richard F Pagano Vice President | Officer | 1 | $0 |
John F Mcdonald III Secretary | Officer | 1 | $0 |
Patrick Gj Stewart Treasurer | Officer | 3 | $0 |
Carl Gissler Morgan Trustee | Trustee | 1 | $0 |
David Alan Metzler Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,240 |
| Noncash contributions included in lines 1a–1f | $14,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,240 |
| Total Program Service Revenue | $0 |
| Investment income | $87,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,063 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| 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 | $3,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,961 |
| 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 | $157,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $415,863 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,927,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,772 |
| Total assets | $4,349,379 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,035,471 |
| Net assets with donor restrictions | $3,313,908 |
| 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 | $4,349,379 |