Joan Bieberson Mcdonald Memorial Scholarship Fund
- Assets
- $1.1m
- Revenue
- $100.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Weirton, WV
- Founding
- 06/2001
- Data as of
- 09/2022
- EIN
- 54-6478362
Organization Overview
Joan Bieberson Mcdonald Memorial Scholarship Fund is located in Weirton, WV. The organization was established in 2001. 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. Joan Bieberson Mcdonald Memorial 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 09/2022, Joan Bieberson Mcdonald Memorial Scholarship Fund generated $100.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $58.5k during the year ending 09/2022. While expenses have increased by 7.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joan Bieberson Mcdonald Memorial Scholarship Fund has awarded 45 individual grants totaling $133,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR HIGHER EDUCATION AND TRAINING TO INDIVIDUALS WHO ARE GRADUATES OF WHEELING PARK HIGH SCHOOL, WHEELING, WV BASED ON CRITERIA DEEMED APPROPRIATE BY TRUSTEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy L Wilson Trustee | 0 | $0 | |
Bethany Fernbaugh Trustee | 0 | $0 | |
Susan Krukowski Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,179 |
| Capital Gain Net Income | $83,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,398 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,525 |
| Total operating and administrative expenses | $9,983 |
| Contributions, gifts, grants paid | $48,500 |
| Total expenses and disbursements | $58,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,078,615 |
| 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, Joan Bieberson Mcdonald Memorial Scholarship Fund has awarded $48,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ANGIUS JESSICA A PURPOSE: COLLEGE SCHOLARSHIP | $4,500 |
SPREIGHTS AALIYAH N PURPOSE: COLLEGE SCHOLARSHIP | $4,500 |
ROSENTHAL TREVOR J PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |
PETTICORD SCOTT PURPOSE: COLLEGE SCHOLARSHIP | $3,500 |
BUTTS RONAN B PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
FORAKER DANNEN PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Military Officers Association Of America Scholarship Fund Alexandria, VA | $166,984,015 | $13,631,800 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |