Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404
- Assets
- $1.1m
- Revenue
- $41.7k
- Investments
- $903.9k
- Employees
- 0
- Location
- Red Bank, NJ
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 23-7790152
Organization Overview
Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404 is located in Red Bank, NJ. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404 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, Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404 generated $41.7k 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 (5.6%) each year. All expenses for the organization totaled $121.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404 has awarded 154 individual grants totaling $403,700. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oceanfirst Bank Na Trustee | 1 | $22,556 | |
Douglas K Walker ESQ Trustee | 1 | $11,792 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6 |
| Capital Gain Net Income | $6 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,348 |
| 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 | $455 |
| Total operating and administrative expenses | $39,357 |
| Contributions, gifts, grants paid | $81,700 |
| Total expenses and disbursements | $121,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124 |
| Savings and temporary cash investments | $199,952 |
| 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 | $903,882 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,103,958 |
| 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, Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404 has awarded $81,700 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES | $2,200 |
ATLANTIC CAPE MAY COMMUNITY COLLEGE PURPOSE: EDUCATIONAL PURPOSES | $2,200 |
BENTLEY UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES | $2,200 |
BUCKNELL UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES | $3,000 |
CARNEGIE MELLON UNIVERSITY PURPOSE: EDUCATIONAL PURPOSES | $2,500 |
COLLEGE OF NEW JERSEY PURPOSE: EDUCATIONAL PURPOSES | $1,000 |