Northeast High School Alumni Foundation
- Assets
- $2.2m
- Revenue
- $273.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 10/1968
- Data as of
- 06/2022
- EIN
- 23-6463349
Organization Overview
Northeast High School Alumni Foundation is located in Philadelphia, PA. The organization was established in 1968. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Northeast High School Alumni Foundation 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, Northeast High School Alumni Foundation generated $273.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $117.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Northeast High School Alumni Foundation has awarded 14 individual grants totaling $731,868. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FUNDS FOR GRADUATION AWARDS, SCHOLARSHIPS AND INTEREST-FREE LOANS TO GRADUATES OF NORTHEAST HIGH SCHOOL, PHILADELPHIA, PA
THE FOUNDATION ALSO PROVIDES FUNDS TO NORTHEAST HIGH SCHOOL TO BE USED FOR EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick Blum Trustee | 0 | $0 | |
Howard Rovner ESQ Trustee | 0 | $0 | |
Millard Wilkinson Jr Trustee | 0 | $0 | |
Myron Zonies Trustee | 0 | $0 | |
Carol Bombas Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,655 |
| Interest on Savings | $39 |
| Dividends & Interest | $55,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $102,425 |
| Capital Gain Net Income | $102,425 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $273,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $13,255 |
| Contributions, gifts, grants paid | $104,125 |
| Total expenses and disbursements | $117,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,829 |
| 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 | $2,113,501 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,200 |
| Total assets | $2,248,530 |
| 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, Northeast High School Alumni Foundation has awarded $104,125 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST HIGH SCHOOL PURPOSE: TO BENEFIT STUDENTS OF THE NORTHEAST HIGH SCHOOL | $14,150 |
VARIOUS GRADUATING SENIORS AT NEHS PURPOSE: ACADEMIC ACHIEVEMENT AWARDS TO GRADUATING STUDENTS | $89,975 |