Edward J Debartolo Memorial Scholarship Foundation
- Assets
- $3.1m
- Revenue
- $526.5k
- Investments
- $2.9m
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 31-1527910
Organization Overview
Edward J Debartolo Memorial Scholarship Foundation is located in Youngstown, OH. The organization was established in 1997. 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. Edward J Debartolo Memorial 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 12/2022, Edward J Debartolo Memorial Scholarship Foundation generated $526.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $505.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward J Debartolo Memorial Scholarship Foundation has awarded 47 individual grants totaling $470,000. 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 |
|---|---|---|---|
Marie Denise Debartolo York Trustee | 1 | $0 | |
John C York II Trustee | 1 | $0 | |
John Edward York Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,537 |
| Interest on Savings | $2,706 |
| Dividends & Interest | $64,634 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,477 |
| Capital Gain Net Income | $85,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $299,160 |
| Total Revenue | $526,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,822 |
| Depreciation | $0 |
| Occupancy | $3,855 |
| Travel, conferences, and meetings | $8,677 |
| Printing and publications | $2,908 |
| Other expenses | $313,675 |
| Total operating and administrative expenses | $335,227 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $505,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,114 |
| Savings and temporary cash investments | $0 |
| 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 | $3,123,127 |
| 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, Edward J Debartolo Memorial Scholarship Foundation has awarded $170,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CASSIDY CLAYPOOLE PURPOSE: 2022 SCHOLARSHIP GRANT | $10,000 |
MONICA COBBIN PURPOSE: 2022 SCHOLARSHIP GRANT | $10,000 |
SARAH CORNELIUS PURPOSE: 2022 SCHOLARSHIP GRANT | $10,000 |
RYSSA COUDRIET PURPOSE: 2022 SCHOLARSHIP GRANT | $10,000 |
JENNA CROY PURPOSE: 2022 SCHOLARSHIP GRANT | $10,000 |
AIDEN EXLINE PURPOSE: 2022 SCHOLARSHIP GRANT | $10,000 |