John Perrone Memorial Scholarship Fund
- Assets
- $184.7k
- Revenue
- $8.1k
- Investments
- $179.9k
- Employees
- 0
- Location
- Indiana, PA
- Founding
- 02/1993
- Data as of
- 12/2022
- EIN
- 25-6282445
Organization Overview
John Perrone Memorial Scholarship Fund is located in Indiana, PA. The organization was established in 1993. 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. John Perrone 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, John Perrone Memorial Scholarship Fund generated $8.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $12.4k during the year ending 12/2022. While expenses have increased by 13.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST QUALIFYING STUDENTS OF THE LEECHBURG AREA WITH UNDERGRADUATE STUDIES
TOTAL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,687 |
| Capital Gain Net Income | $3,687 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,542 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $3,926 |
| Contributions, gifts, grants paid | $8,438 |
| Total expenses and disbursements | $12,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,822 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $184,733 |
| 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, John Perrone Memorial Scholarship Fund has awarded $8,438 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MCKENNA PIERCE PURPOSE: SCHOLARSHIP FOR | $1,323 |
SKYLYN RAYPUSH PURPOSE: SCHOLARSHIP FOR | $500 |
JOHN SORISIO PURPOSE: SCHOLARSHIP FOR | $1,323 |
DINO CAPOZZOLI PURPOSE: SCHOLARSHIP FOR | $1,323 |
BRENNA CALLAHAN PURPOSE: SCHOLARSHIP FOR | $1,323 |
KALLI GRINE PURPOSE: SCHOLARSHIP FOR | $1,323 |