Us Naval Service Personnel Educational Assistance Fund Inc
- Assets
- $483.3k
- Revenue
- $4.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Miller Place, NY
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-3411631
Organization Overview
Us Naval Service Personnel Educational Assistance Fund Inc is located in Miller Place, NY. The organization was established in 2011. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Us Naval Service Personnel Educational Assistance 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, Us Naval Service Personnel Educational Assistance Fund Inc generated $4.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $55.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOLARSHIP FUND REIMBURSE SAILORS FOR EDUCATIONAL COSTS INCURRED OF SPECIFIC SHIPS ( USS MICHAEL MURPHY & USS NY). CREW MEMBERS MAY RECEIVE GRANTS NOT NORMALLY PAID FOR BY THE US NAVY'S TUITION ASSISTANCE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL ASSISTANCE FUNDING TO CREW MEMBERS OF THE UNITED STATES NAVAL SERVICE IN ORDER TO REIMBURSE THEM FOR VALID EDUCATION EXPENSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ravitz Chairman | 1 | $0 | |
Anthony Fabbo Treasurer | 1 | $0 | |
Sally C Mcelwreath Secretary | 1 | $0 | |
Steven S Honigman Board Member | 1 | $0 | |
Daniel Solomon Board Member | 1 | $0 | |
James D White Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,030 |
| Dividends & Interest | $0 |
| 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 | $4,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9 |
| Printing and publications | $0 |
| Other expenses | $768 |
| Total operating and administrative expenses | $5,546 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $55,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,776 |
| Savings and temporary cash investments | $439,508 |
| 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 | $483,284 |
| Accounts payable and accrued expenses | $9,400 |
| 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 | $9,400 |
Grants Awarded
Over the last fiscal year, Us Naval Service Personnel Educational Assistance Fund Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
USS NEW YORK LPD-21 EDUCATIONAL ASSISTANCE FUND PURPOSE: SCHOLARSHIP / EDUCATIONAL ASSISTANCE | $45,000 |
MICHAEL MURPHY CREW MEMBER EDUCATIONAL FUNDING ASSISTANCE PURPOSE: SCHOLARSHIP / EDUCATIONAL ASSISTANCE | $5,000 |
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