New Orphan Asylum Scholarship Foundation
- Assets
- $2.4m
- Revenue
- $352.6k
- Investments
- $2.3m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 31-0536683
Organization Overview
New Orphan Asylum Scholarship Foundation is located in Cincinnati, OH. The organization was established in 1942. 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. New Orphan Asylum 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, New Orphan Asylum Scholarship Foundation generated $352.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $172.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, New Orphan Asylum Scholarship Foundation has awarded 210 individual grants totaling $745,970. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Stevens Executive Director | 0.25 | $17,586 | |
Louis Patrick President | 0.25 | $0 | |
Rico Rice Vice President | 0.25 | $0 | |
Lawrence Cain Jr Secretary | 0.25 | $0 | |
Mesha Holloway Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,217 |
| Dividends & Interest | $47,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $286,992 |
| Capital Gain Net Income | $286,992 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $352,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,586 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,993 |
| Depreciation | $0 |
| Occupancy | $3,995 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,672 |
| Total operating and administrative expenses | $53,244 |
| Contributions, gifts, grants paid | $119,300 |
| Total expenses and disbursements | $172,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$25,699 |
| Savings and temporary cash investments | $160,760 |
| 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 | $113 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,726 |
| Total assets | $2,432,590 |
| 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, New Orphan Asylum Scholarship Foundation has awarded $119,300 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CINCINNATI PURPOSE: SCHOLARSHIP | $24,775 |
Nashville, TN PURPOSE: SCHOLARSHIP | $11,288 |
XAVIER UNIVERSITY PURPOSE: SCHOLARSHIP | $7,987 |
Kent, OH PURPOSE: SCHOLARSHIP | $6,425 |
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $5,325 |
UNIVERSITY OF AKRON PURPOSE: SCHOLARSHIP | $5,325 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Orphan Asylum Scholarship Foundation has recieved totaling $5,680.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $5,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |