Bernard Axelrad Scholarship Fund
- Assets
- $413.3k
- Revenue
- $32.3k
- Investments
- $390.0k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 26-2123830
Organization Overview
Bernard Axelrad Scholarship Fund is located in Los Angeles, CA. The organization was established in 2008. 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. Bernard Axelrad 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 06/2022, Bernard Axelrad Scholarship Fund generated $32.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $33.9k during the year ending 06/2022. 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
THE BERNARD AXELRAD SCHOLARSHIP FUND BASF HAS A SINGLE CHARITABLE ACTIVITY -- IT PROVIDES MONEY SCHOLARSHIPS TO HELP STUDENTS ACHIEVE THEIR GOALS IN ATTAINING HIGHER EDUCATION. THIS YEAR IT PROVIDED SCHOLARSHIPS TO SIX SUCH INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Axelrad Co-Director | 3 | $0 | |
Adam Axelrad Co-Director | 3 | $0 | |
Lisa Axelrad Co-Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,800 |
| Interest on Savings | $8 |
| Dividends & Interest | $10,460 |
| 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 | $32,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $82 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $864 |
| Total operating and administrative expenses | $946 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $33,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,251 |
| 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 | $390,048 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $413,299 |
| 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, Bernard Axelrad Scholarship Fund has awarded $33,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JOSEPH TRAINER PURPOSE: SCHOLARSHIP FOR EDUCATION | $7,500 |
MAAYAN CARMI PURPOSE: SCHOLARSHIP FOR EDUCATION | $6,500 |
MELODY HAKIMIAN PURPOSE: SCHOLARSHIP FOR EDUCATION | $6,500 |
MELVIN HAKIMIAN PURPOSE: SCHOLARSHIP FOR EDUCATION | $5,500 |
HANNAH CARMI PURPOSE: SCHOLARSHIP FOR EDUCATION | $5,500 |
TEVEL PELE PURPOSE: SCHOLARSHIP FOR EDUCATION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |