Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404

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 12/2021, Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404 generated $137.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $128.8k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 6 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.

Since 2016, Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404 has awarded 162 individual grants totaling $422,500. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Board, Officers & Key Employees

Name (title)Compensation
Douglas K Walker ESQ
Trustee
$9,776
Oceanfirst Bank Na
Trustee
$4,994

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $33,131
Net Rental Income$0
Net Gain on Sale of Assets $103,932
Capital Gain Net Income $103,932
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $137,063

Grants Awarded

Over the last fiscal year, Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404 has awarded $70,500 in support to 28 organizations.

Grant RecipientAmount

WEST CHESTER UNIVERSITY

PURPOSE: EDUCATIONAL PURPOSES

$5,000

CARNEGIE MELLON UNIVERSITY

PURPOSE: EDUCATIONAL PURPOSES

$5,000

UNIVERSITY OF DELAWARE

Org PageRecipient Profile

Newark, DE

PURPOSE: EDUCATIONAL PURPOSES

$5,000

COLLEGE OF NEW JERSEY

PURPOSE: EDUCATIONAL PURPOSES

$4,500

STOCKTON UNIVERSITY

Org PageRecipient Profile

Galloway, NJ

PURPOSE: EDUCATIONAL PURPOSES

$3,750

UNIVERSITY COLLEGE DUBLIN

PURPOSE: EDUCATIONAL PURPOSES

$3,500
View Grant Profile

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