Frada Fine Scholarship Fund
- Assets
- $2.7m
- Revenue
- $118.4k
- Investments
- $2.6m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 08/2004
- Data as of
- 03/2022
- EIN
- 55-6164208
Organization Overview
Frada Fine Scholarship Fund is located in Orlando, FL. The organization was established in 2004. 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. Frada Fine 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 03/2022, Frada Fine Scholarship Fund generated $118.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $68.6k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (20.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Frada Fine Scholarship Fund has awarded 30 individual grants totaling $1,731,316. 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
AWARDING OF SCHOLARSHIPS TO SHEPHERD UNIVERSITY FOR GRADUATES OF MARTINSBURG HIGH SCHOOL
EASTERN WEST VIRGINIA COMMUNITY FOUNDATION
SHERPERD UNIVERSITY FONDATION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $80,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,616 |
| Capital Gain Net Income | $37,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,355 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,094 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $149 |
| Total operating and administrative expenses | $66,598 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $68,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,121 |
| 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 | $1,465,665 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,706,003 |
| 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, Frada Fine Scholarship Fund has awarded $309,128 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SHEPHERD UNIVERSITY - FALL PURPOSE: SCHOLARSHIP | $140,355 |
SHEPHERD UNIVERSITY SPRING PURPOSE: SCHOLARSHIPS | $138,773 |
Martinsburg, WV PURPOSE: SCHOLARSHIPS | $27,500 |
Shepherdstown, WV PURPOSE: GIFT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |