Penns Rural Electric Assoc Schol In Memory William F Matson
- Assets
- $319.6k
- Revenue
- $15.4k
- Investments
- $300.0k
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-1392600
Organization Overview
Penns Rural Electric Assoc Schol In Memory William F Matson is located in Harrisburg, PA. The organization was established in 2009. 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. Penns Rural Electric Assoc Schol In Memory William F Matson 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 12/2023, Penns Rural Electric Assoc Schol In Memory William F Matson generated $15.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $17.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman | 1 | $0 | |
Name Not Listed Chairperson | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $200 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $17,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,610 |
| Savings and temporary cash investments | $0 |
| 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 | $300,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $319,610 |
| 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, Penns Rural Electric Assoc Schol In Memory William F Matson has awarded $17,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
VICTORIA ANNUNZIATA PURPOSE: COLLEGE EDUCATION | $3,000 |
JULIA HOFFMAN PURPOSE: COLLEGE EDUCATION | $2,000 |
MAXFIELD MA PURPOSE: COLLEGE EDUCATION | $2,000 |
DENAE MOBUS PURPOSE: COLLEGE EDUCATION | $2,000 |
QUINN GONZALEZ PURPOSE: COLLEGE EDUCATION | $1,500 |
ALEXANDER KEATING PURPOSE: COLLEGE EDUCATION | $1,500 |