Hallandale Scholarship Fund Inc
- Assets
- $1.8m
- Revenue
- $259.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Hallandale, FL
- Founding
- 03/1975
- Data as of
- 12/2021
- EIN
- 23-7087801
Organization Overview
Hallandale Scholarship Fund Inc is located in Hallandale, FL. The organization was established in 1975. 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. Hallandale Scholarship 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 12/2021, Hallandale Scholarship Fund Inc generated $259.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $160.3k during the year ending 12/2021. While expenses have increased by 7.9% 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS TO 40+ HIGH SCHOOL STUDENTS ANNUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Dean Director | 0.25 | $0 | |
Anthony Adelson President | 0.25 | $0 | |
Jesus Abikrarram Director | 0.25 | $0 | |
Marian Mccann-Colliee Vice President | 0.25 | $0 | |
Alejandro Casacarano Secretary | 0.25 | $0 | |
Joseph Cesarotti Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,492 |
| Interest on Savings | $34 |
| Dividends & Interest | $131,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,642 |
| Capital Gain Net Income | $77,642 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $259,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,204 |
| Total operating and administrative expenses | $34,287 |
| Contributions, gifts, grants paid | $126,000 |
| Total expenses and disbursements | $160,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,958 |
| Savings and temporary cash investments | $10,052 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,786,219 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $83,750 |
| 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 | $83,750 |
Grants Awarded
Over the last fiscal year, Hallandale Scholarship Fund Inc has awarded $114,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HIGHSCHOOL STUDENT 2020 RECIPIENTS PURPOSE: COLLEGE SCHOLARSHIPS | $72,150 |
HIGHSCHOOL STUDENT 2021 RECIPIENTS PURPOSE: COLLEGE SCHOLARSHIPS | $42,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |