The Scholarship Foundation
- Assets
- $38.9k
- Revenue
- $145.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cherry Hill, NJ
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 52-1560429
Organization Overview
The Scholarship Foundation is located in Cherry Hill, NJ. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Scholarship Foundation generated $145.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $149.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard T Cote President/treasurer | 0 | $0 | |
Susan Watson Secretary | 0 | $0 | |
Gina Amodio-Demartis Director | 0 | $0 | |
Conrad Berthiaume Director | 0 | $0 | |
Theodore Sachs Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $134,750 |
| Interest on Savings | $0 |
| 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 | $10,601 |
| Total Revenue | $145,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $8,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,833 |
| Total operating and administrative expenses | $14,558 |
| Contributions, gifts, grants paid | $134,750 |
| Total expenses and disbursements | $149,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,924 |
| 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 | $38,924 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $6,315 |
| 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 | $6,315 |
Grants Awarded
Over the last fiscal year, The Scholarship Foundation has awarded $134,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROBERT J MOONAN SR SCHOLARSHIP FUND PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |
RONALD E SMALLWOOD SCHOLARSHIP FUND PURPOSE: COLLEGE SCHOLARSHIP | $55,000 |
SUBARU OF AMERICA FOUNDATION SCHOLA PURPOSE: COLLEGE SCHOLARSHIP | $76,250 |