Shamokin Area High School Alumni Educational Fund
- Assets
- $3.1m
- Revenue
- $249.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lock Haven, PA
- Founding
- 12/1959
- Data as of
- 12/2021
- EIN
- 24-6019764
Organization Overview
Shamokin Area High School Alumni Educational Fund is located in Lock Haven, PA. The organization was established in 1959. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Shamokin Area High School Alumni Educational Fund 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, Shamokin Area High School Alumni Educational Fund generated $249.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $144.6k during the year ending 12/2021. While expenses have increased by 10.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SCHOLARSHIPS ARE AWARDED TO COLLEGE BOUND STUDENTS GRADUATING FROM SHAMOKIN AREA HIGH SCHOOL. SCHOLARSHIP RECIPENTS ARE CHOSEN BY A SCHOLARSHIP COMMITTEE BASED ON A COMPETITIVE WRITTEN EXAMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION DISBURSMENTS IN FURTHERANCE OF EXEMPT PROGRAMS ARE MADE DIRECTLY TO EDUCATIONAL INSTITUTIONS. SCHOLARSHIP GRANTS ARE AWARDED TO DESERVING STUDENTS CHOSEN BY A SCHOLARSHIP COMMITTEE BASED ON A COMPETITIVE WRITTEN EXAMINATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Dwulet Treasurer | Officer | 0 | $0 |
Frances Lee Brennan Culp Secretary | Officer | 0 | $0 |
Matthew Weller President | Officer | 0 | $0 |
Susan Kropinski Trustee | Officer | 0 | $0 |
Marty Sinopoli Trustee | Trustee | 0 | $0 |
James Backes Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,223 |
| Total Program Service Revenue | $0 |
| Investment income | $75,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $113,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,142 |
| Fees for services: Other | $215 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $144,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,489 |
| Savings and temporary cash investments | $397,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,683,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,090,905 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,090,905 |
| Total liabilities and net assets/fund balances | $3,090,905 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Shamokin Area High School Alumni Educational Fund has recieved totaling $108,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $100,000 |
United Way Worldwide Alexandria, VA PURPOSE: GENERAL CHARITABLE OPERATIONS | $7,500 |
Westrock Foundation Atlanta, GA PURPOSE: MATCHING GIFTS GRANT | $250 |
Westrock Foundation Atlanta, GA PURPOSE: MATCHING GIFTS GRANT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio State University Alumni Association Inc Columbus, OH | $38,232,745 | $14,093,968 |
United States Naval Academy Alumni Assoc Annapolis, MD | $136,310,345 | $26,897,412 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
Case Alumni Associationincorporated Cleveland, OH | $4,548,848 | $4,106,693 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
University School Alumni Assoc Shaker Heights, OH | $141,981 | $3,476,186 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |