Mitchell Cangelosi Scholarship Fund Inc
- Assets
- $232.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montauk, NY
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 26-2077330
Organization Overview
Mitchell Cangelosi Scholarship Fund Inc is located in Montauk, NY. 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. Mitchell Cangelosi Scholarship Fund Inc 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, Mitchell Cangelosi Scholarship Fund Inc generated $28.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $8.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
AWARD A SCHOLARSHIP FOR HIGHER EDUCATION TO A GRADUATING SENIOR OF SAYVILLE HIGH SCHOOL, AS SELECTED BY THE FACULTYWHO MEET THE CRITERIA OF ACADEMIC AND ATHLETIC EXCELLENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Cangelosi Treasurer | 5 | $0 | |
Carl Cangelosi Secretary | 5 | $0 | |
Jerome Cangelosi President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10,557 |
| Gain or Loss | $17,777 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,359 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $125 |
| Total expenses | $8,525 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $232,214 |
| Other assets | $0 |
| Total assets | $232,214 |
| Total liabilities | $0 |
| Net assets or fund balances | $232,214 |
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