Brudnock Memorial Scholarship Fund
- Assets
- $519.2k
- Revenue
- $63.1k
- Investments
- $497.4k
- Employees
- 0
- Location
- Indiana, PA
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 25-1821313
Organization Overview
Brudnock Memorial Scholarship Fund is located in Indiana, PA. The organization was established in 1999. 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. Brudnock Memorial Scholarship 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 12/2022, Brudnock Memorial Scholarship Fund generated $63.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $41.4k during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,237 |
| Capital Gain Net Income | $50,237 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,892 |
| 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 | $6,892 |
| Contributions, gifts, grants paid | $34,500 |
| Total expenses and disbursements | $41,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,840 |
| 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 | $41,337 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $519,197 |
| 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, Brudnock Memorial Scholarship Fund has awarded $34,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CLARION UNIVERSITY OF PENNSYLVANIA PURPOSE: EDUCATIONAL | $3,000 |
SLIPPERY ROCK UNIVERSITY PURPOSE: EDUCATIONAL | $6,000 |
INDIANA UNIVERSITY OF PENNSYLVANIA PURPOSE: EDUCATIONAL | $3,000 |
BUTLER COUNTY COMMUNITY COLLEGE PURPOSE: EDUCATIONAL | $2,500 |
MOUNT ALOYSIUS COLLEGE PURPOSE: EDUCATIONAL | $5,500 |
WAYNESBURG UNIVERSITY PURPOSE: EDUCATIONAL | $2,500 |