The Terry Farrell Firefighters Scholarship Fund Inc
- Assets
- $140.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Bethpage, NY
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 56-2512213
Organization Overview
The Terry Farrell Firefighters Scholarship Fund Inc is located in Bethpage, NY. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Terry Farrell Firefighters Scholarship Fund Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terry Farrell Firefighters 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 12/2023, Terry Farrell Firefighters Scholarship Fund Inc generated $103.8k 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 (12.0%) each year. All expenses for the organization totaled $91.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE TERRY FARREL FIREFIGHTERS SCHOLARSHIP FUND INC (THE FUND), WASESTABLISHED AAFTER THE TRAGIC LOSS OF 343 FIREFIGHTERS ON SEPTEMBER 11,2011. THE FUND OPERATES SOLEY TO SERVE THE NEEDS OF THE FIRST RESPONDERSAND THE COMMUNITY WHICH THEY SERVE. THE FUND PROVIDES SPECIAL GRANTS THATWERE AWARDED TO VARIOUS FIRE DEPARTMENTS THOUGH OUT THE COUNTRY.
Describe the Organization's Program Activity:
Part 3
SPECIAL GRANTS MADE TO SERVE THE NEEDS OF THE FIRST RESPONDERSAND THE COMMUNITY WHICH THEY SERVE. THE FUND PROVIDES ASSISTANCE AND GRANTSTO VARIOUS FIRE DEPARTMENTS AND FAMILIES OF FIREFIGHTERS THROUGH OUT THE COUNTRY.
SPECIAL GRANTS WERE AWARDED TO VARIOUS FIRE DEPARTMENTS THOUGH OUT THECOUNTRY. EQUIPMENT GRANTS: REQUEST FOR ASSISTANCE FOR THE PURCHASE OF FIRE SERVICEEQUIPMENT, APPARATUS, PROTECTIVE CLOTHING OR TOOLS MAY BE MADE TO THE FUNDBY FIRE DEPARTMENTS ON DEPARTMENT LETTERHEAD AND SIGNED BY THE CHIEF OF THEREQUESTING DEPARTMENT. THE AMOUNT OF EACH GRANT AWARD IS AT THE SOLEDISCRETION OF THE BOARD OF DIRECTORS AND REQUIRES A MAJORITY OF THE VOTEFROM ELIGIBLE MEMBERS.
SPECIAL GRANTS WERE MADE TO FIREFIGHTERS AND THEIR FAMILIES THROUGH OUT THECOUNTRY.SCHOLARSHIPS ARE AWARDED TO CHILDREN OF FIREFIGHTERS WHO ATTEND VOCATIONALOR PAROCHIAL SCHOOLS. UPON SUBMISSION OF A WRITTEN APPLICATION DETAILINGTHEIR PARENTS DUTY STATUS WITHIN THE FIRE DEPARTMENT SERVICE, THE AGE OFTHE STUDENT, THE GRADE ENTERING IN THE FALL OF UPCOMING SCHOOL YEAR ANDCONTACT INFORMATION, SCHOLARSHIP[S ARE AWARDED PURSUANT TO A LOTTERYDRAWING HELD AT THE OFFICE OF THE FUND ON THE FIRST SUNDAY IN AUGUST OFEACH SCHOLARSHIP YEAR. SCHOLARSHIP AMOUNTS ARE MADE AT THE SOLE DISCRETIONOF THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence J Culhane Director | 10 | $0 | |
Ben Vogue Director | 10 | $0 | |
David Silverman Director | 10 | $0 | |
Jamie Atkitson Director | 10 | $0 | |
William Mcguire Director | 10 | $0 | |
Elizabeth Gandalfo Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,412 |
| Total Program Service Revenue | $40,723 |
| Membership dues | $0 |
| Investment income | $481 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,187 |
| Other Revenue | $0 |
| Total Revenue | $103,803 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $289 |
| Other expenses | $33,512 |
| Total expenses | $91,596 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,457 |
| Other assets | $0 |
| Total assets | $140,457 |
| Total liabilities | $0 |
| Net assets or fund balances | $140,457 |