Newhouse Scholarship Fund
- Assets
- $161.3k
- Revenue
- $8.3k
- Investments
- $153.3k
- Employees
- 0
- Location
- Culpeper, VA
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 54-6260176
Organization Overview
Newhouse Scholarship Fund is located in Culpeper, VA. The organization was established in 1991. 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. Newhouse Scholarship Fund 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 12/2023, Newhouse Scholarship Fund generated $8.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $12.9k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,288 |
| Dividends & Interest | $3,893 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,089 |
| Capital Gain Net Income | $2,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $249 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $692 |
| Total operating and administrative expenses | $4,741 |
| Contributions, gifts, grants paid | $8,128 |
| Total expenses and disbursements | $12,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,941 |
| 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 | $153,338 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $161,279 |
| 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, Newhouse Scholarship Fund has awarded $8,128 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JAMES MADISON UNIVERSITY FBO FRANCESCA CORRALES PURPOSE: SCHOLARSHIP | $2,032 |
VIRGINIA COMMONWEALTH UNIVERSITY FBO PAIGE WALKER ROGERS PURPOSE: SCHOLARSHIP | $2,032 |
COASTAL CAROLINA UNIVERSITY FBO KORTNEY PILLOW PURPOSE: SCHOLARSHIP | $2,032 |
COASTAL CAROLINA UNIVERSITY FBO AUTUMN FAIRFAX PURPOSE: SCHOLARSHIP | $2,032 |