Atlantic County Medical Society Scholarship Corporation is located in Somers Point, NJ. The organization was established in 1969. 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. Atlantic County Medical Society Scholarship Corporation 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 04/2022, Atlantic County Medical Society Scholarship Corporation generated $23.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $46.1k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Atlantic County Medical Society Scholarship Corporation has awarded 41 individual grants totaling $116,500. 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
PROVIDES EDUCATIONAL SCHOLARSHIPS FOR NEEDY MEDICAL STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Zubair Syed Vice President | 2.5 | $0 | |
Lisa Dierkes Executive Director | 2.5 | $0 | |
Thomas Dierkes President | 2.5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $10,248 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $13,577 |
Capital Gain Net Income | $13,577 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $23,825 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $219 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $8,031 |
Total operating and administrative expenses | $13,121 |
Contributions, gifts, grants paid | $33,000 |
Total expenses and disbursements | $46,121 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,161 |
Savings and temporary cash investments | $185 |
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 | $353,883 |
Net Land, buildings, and equipment | $0 |
Other assets | $302 |
Total assets | $368,531 |
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 |
Over the last fiscal year, Atlantic County Medical Society Scholarship Corporation has awarded $33,000 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
JOHN PATRICK MARCZYK PURPOSE: SCHOLARSHIP | $10,000 |
MILLIE SHAH PURPOSE: SCHOLARSHIP | $7,500 |
DANIEL ROQUE PURPOSE: SCHOLARSHIP | $5,000 |
JAUN PABLO FERERO PURPOSE: SCHOLARSHIP | $5,000 |
JENNAH SYED PURPOSE: SCHOLARSHIP | $3,000 |
WILHEMINA AMELIA KENNEDY PURPOSE: SCHOLARSHIP | $2,500 |
Organization Name | Assets | Revenue |
---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |