Bobby Fulton Memorial Fund Inc
- Assets
- $5.3m
- Revenue
- $370.8k
- Investments
- $5.0m
- Employees
- 0
- Location
- Runnemede, NJ
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 23-7317261
Organization Overview
Bobby Fulton Memorial Fund Inc is located in Runnemede, NJ. The organization was established in 2018. 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. Bobby Fulton 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 12/2022, Bobby Fulton Memorial Fund Inc generated $370.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $345.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bobby Fulton Memorial Fund Inc has awarded 119 individual grants totaling $1,535,300. 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
SCHOLARSHIPS TO COLLEGE STUDENTS. WE DISTRIBUTED $14,000 SCHOLARSHIPS TO 22 ELIGIBLE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Conway President | 2 | $0 | |
Gerald G Willis Treasurer | 10 | $0 | |
Jason Walker Trustee | 2 | $0 | |
Peter Driscoll Trustee | 2 | $0 | |
John O'malley Trustee | 2 | $0 | |
Kyle Erdner Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $905 |
| Dividends & Interest | $105,275 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $264,595 |
| Capital Gain Net Income | $264,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $370,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $345,000 |
| Total expenses and disbursements | $345,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,201 |
| 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 | $870,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,263,679 |
| 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, Bobby Fulton Memorial Fund Inc has awarded $345,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CARLY GRIFFIN PURPOSE: EDUCATION | $15,000 |
CONOR SHEEHAN PURPOSE: EDUCATION | $15,000 |
MAXIMILIAN MILLENBACH PURPOSE: EDUCATION | $15,000 |
CASSANDRA ARENCIBIA PURPOSE: EDUCATION | $15,000 |
TIMOTHY MURPHY PURPOSE: EDUCATION | $15,000 |
MAXWELL NORTON PURPOSE: EDUCATION | $15,000 |