John F Kane Scholarship Fund Inc
- Assets
- $128.5k
- Revenue
- $6.6k
- Investments
- $123.5k
- Employees
- 0
- Location
- Dumfries, VA
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 54-1811279
Organization Overview
John F Kane Scholarship Fund Inc is located in Dumfries, VA. 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. John F Kane Scholarship Fund Inc 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, John F Kane Scholarship Fund Inc generated $6.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $9.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MADE FIVE SCHOLARSHIP GRANTS IN THE TOTAL AMOUNT OF $ 3,000 TO FOUR EDUCATIONAL INSTITUTIONS TO ASSIST FOUR STUDENTS IN ATTENDING COLLEGE AND NO STUDENTS IN ATTENDING PRIVATE HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen E Sulivan Secretary | 1 | $0 | |
Daniel Geisenhof Vice President | 1 | $0 | |
Thomas Welsh Treasurer | 1 | $0 | |
Kathleen Gorchiek Director | 1 | $0 | |
Gerald O'farrell President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $789 |
| Capital Gain Net Income | $789 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $265 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,868 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $9,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,955 |
| 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 | $123,535 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $128,490 |
| 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, John F Kane Scholarship Fund Inc has awarded $7,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN VIRGINIA COMMUNITY COLLEGE PURPOSE: 1 SCHOLARSHIPS | $1,000 |
SAINT JOHN PAUL THE GREAT CATHOLIC PURPOSE: 3 SCHOLARSHIPS | $500 |
VIRGINIA POLITECHNIC INSTITUTE STAT PURPOSE: 1 SCHOLARSHIP | $2,000 |
STANFORD UNIVERSITY PURPOSE: 1 SCHOLARSHIP | $2,000 |
JAMES MADISON UNIVERSITY PURPOSE: 1 SCHOLARSHIP | $1,000 |
BENEDICTINE COLLEGE PURPOSE: 1 SCHOLARSHIP | $1,000 |