Bic Educational Foundation

Organization Overview

Bic Educational Foundation is located in Elkridge, MD. The organization was established in 1978. 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. Bic Educational 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 06/2024, Bic Educational Foundation generated $177.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $833.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.

Since 2022, Bic Educational Foundation has awarded 34 individual grants totaling $1,306,736. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN THE HOSPITALITY INDUSTRY AND TO FOSTER DEVELOPMENT OF CAREERS IN THE HOSPITALITY INDUSTRY THROUGH GRANTS AND SPONSORSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED SCHOLARSHIPS FOR STUDENTS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $11,094
Dividends & Interest $283,632
Net Rental Income$0
Net Gain on Sale of Assets -$116,807
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $177,919

Grants Awarded

Over the last fiscal year, Bic Educational Foundation has awarded $610,447 in support to 15 organizations.

Grant RecipientAmount

EDMONDSON WESTSIDE HIGH SCHOOL

PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN THE HOSPITALITY AND CULINARY ARTS INDUSTRY AND TO FOSTER THE DEVELOPMENT OF CAREERS IN THIS INDUSTRY.

$9,507

FOREST PARK SENIOR HIGH SCHOOL

PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN THE HOSPITALITY AND CULINARY ARTS INDUSTRY AND TO FOSTER THE DEVELOPMENT OF CAREERS IN THIS INDUSTRY.

$29,011

FRIENDS OF GREAT KIDS FARM

PURPOSE: TO SUPPORT BALTIMORE CITY PUBLIC SCHOOLS' FARM TO SCHOOL PROGRAM TO PROMOTE EXPERIENTIAL EDUCATION THAT CONNECTS STUDENTS TO NATURE AND FOOD SYSTEMS.

$105,424

NATIONAL ACADEMY FOUNDATION

PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN THE HOSPITALITY AND CULINARY ARTS INDUSTRY AND TO FOSTER THE DEVELOPMENT OF CAREERS IN THIS INDUSTRY.

$114

MORGAN STATE UNIVERSITY

PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN THE HOSPITALITY AND CULINARY ARTS INDUSTRY AND TO FOSTER THE DEVELOPMENT OF CAREERS IN THIS INDUSTRY.

$146,755

HOWARD COMMUNITY COLLEGE

PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN THE HOSPITALITY AND CULINARY ARTS INDUSTRY AND TO FOSTER THE DEVELOPMENT OF CAREERS IN THIS INDUSTRY.

$13,406
View Grant Profile

Peer Organizations

Organization NameAssets
Breakthrough Prize Foundation
Washington, DC
$98,745,658
Business Leadership Organized For Catholic Schools
King Of Prussia, PA
$115,044,615
Thurgood Marshall College Fund Inc
Washington, DC
$77,840,126
Charles Koch Foundation
Arlington, VA
$572,988
Virginia Student Aid Foundation
Charlottesville, VA
$59,716,708
Central Pennsylvania Scholarship Fund
Tyrone, PA
$55,334,922
Foundation For Advanced Education In The Sciences Inc
Bethesda, MD
$42,449,991
Horatio Alger Association Of Distinguished Americans Inc
Alexandria, VA
$22,420,571
James Madison University Foundation Inc
Harrisonburg, VA
$21,589,923
Somerset Community Services Inc
Marion Station, MD
$21,032,696
American Association Of University Women Inc
Washington, DC
$12,036,557
Marine Corps Scholarship Foundation Inc
Alexandria, VA
$37,411,876
Cigna Foundation
Philadelphia, PA
-$17,425,376
Indian Paintbrush Foundation
Washington, DC
$1,521,981,843
District Of Columbia College Access Program
Washington, DC
$7,962,700
Way To Rise
Washington, DC
$23,023,139
Children Of Fallen Patriots Foundation
Reston, VA
$12,377,838
Foundation For Jewish Day Schools Of Greater Philadelphia
Philadelphia, PA
$16,684,787
Children Scholarship Fund Philadelphia
Philadelphia, PA
$15,728,213
Asian And Pacific Islander American Scholarship Fund
Washington, DC
$13,616,717
James Annenberg La Vea Charitable Foundation
Philadelphia, PA
$9,031,566
Capital One Foundation Inc
Mclean, VA
$21,841,693
National Consortium For Graduate Dgrs Minorities In Engineering
Alexandria, VA
$13,705,738
The One Love Foundation In Honor Of Yeardley Love Inc
Baltimore, MD
$7,811,923
National Association Of Student Financial Aid Administrators
Washington, DC
$11,681,568

Create an account to unlock the data you need.

or