Frada Fine Scholarship Fund
- Assets
- $4.4m
- Revenue
- $68.1k
- Investments
- $4.3m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 08/2004
- Data as of
- 03/2024
- 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 03/2024, Frada Fine Scholarship Fund generated $68.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $166.1k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Frada Fine Scholarship Fund has awarded 43 individual grants totaling $1,830,699. 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
2024
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 | $544 |
| Dividends & Interest | $122,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$54,823 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,497 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,500 |
| Total operating and administrative expenses | $66,676 |
| Contributions, gifts, grants paid | $99,383 |
| Total expenses and disbursements | $166,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436 |
| Savings and temporary cash investments | $111,127 |
| 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 | $3,410,821 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,426,346 |
| 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 $99,383 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
TY LUCAS CO SHEPHERD UNIVERSITY PURPOSE: SCHOLARSHIP | $8,642 |
JOSHUA FISHEL CO SHEPHERD UNIVERSITY PURPOSE: SCHOLARSHIP | $8,642 |
EMILY BAKER CO SHEPHERD UNIVERSITY PURPOSE: SCHOLARSHIP | $8,642 |
CASSIDY JOY CO SHEPHERD UNIVERSITY PURPOSE: SCHOLARSHIP | $8,642 |
TREYTON SINE CO SHEPHERD UNIVERSITY PURPOSE: SCHOLARSHIP | $8,642 |
KENDALL YOUNG CO SHEPHERD UNIVERSITY PURPOSE: SCHOLARSHIP | $4,321 |