League Of Employees Of African Descent Scholarship Foundation
- Assets
- $118.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rahway, NJ
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 30-0309510
Organization Overview
League Of Employees Of African Descent Scholarship Foundation is located in Rahway, NJ. The organization was established in 2006. 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. League Of Employees Of African Descent Scholarship Foundation 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, League Of Employees Of African Descent Scholarship Foundation generated $84.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $32.9k during the year ending 12/2021. 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
AWARDED SEVERAL SCHOLARSHIPS TO STUDENTS, BOOK PURCHASES BRING US CLOSER TO OUR ORGAZATIONAL MANDATE OF HELPING TO FOSTER THE EDUCATIONAL DEVELOPMENT OF STUDENT OF AFRICAN DESCENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danita Scott Boyles Chairperson | 20 | $0 | |
Deborah Newton Treasurer | 20 | $0 | |
Mason Gibbs Vice Chairperson | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,765 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,765 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,567 |
| Other expenses | $377 |
| Total expenses | $32,944 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,652 |
| Other assets | $0 |
| Total assets | $118,652 |
| Total liabilities | $0 |
| Net assets or fund balances | $118,652 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that League Of Employees Of African Descent Scholarship Foundation has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |