George Snow Scholarship Fund Inc
- Assets
- $8.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Boca Raton, FL
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 59-2162597
Organization Overview
George Snow Scholarship Fund Inc is located in Boca Raton, FL. 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. As of 12/2021, George Snow Scholarship Fund Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Snow 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 12/2021, George Snow Scholarship Fund Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 19.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELP INDIVIDUALS IN FINANCIAL NEED CONTINUE THEIR EDUCATION THROUGH SCHOLARSHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS: IN ADDITION TO SCHOLARSHIP AWARDS, THE FUND PROVIDES ITS SCHOLARS WITH SUPPORT, GUIDANCE AND RESOURCES THROUGHOUT THE STUDENT'S COLLEGE EXPERIENCE. IN 2021, WE HAD OVER 1,100 APPLICATIONS FOR OUR SCHOLARSHIPS AND AWARDED MORE THAN $2.2 MILLION IN SCHOLARSHIPS AND SCHOLAR SUPPORT SERVICES TO 278 SCHOLARS. IN ADDITION TO OUR NEW AWARDEES, WE PROVIDED CONTINUED SUPPORT AND GUIDANCE TO OUR 510 SNOW SCHOLARS CURRENTLY WORKING ON THEIR DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy G Snow President | Officer | 55 | $207,000 |
Jerry J Fedele Vice Chairman Of The Board | OfficerTrustee | 1 | $0 |
Albert J Travasos Chairman Of The Board | OfficerTrustee | 1 | $0 |
Stephen L Haskins Trustee | Trustee | 1 | $0 |
M J Mike Arts Trustee | Trustee | 1 | $0 |
Frank A Barbieri Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $583,787 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,302,867 |
| Noncash contributions included in lines 1a–1f | $41,682 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,886,654 |
| Total Program Service Revenue | $0 |
| Investment income | $83,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,432 |
| Net Income from Fundraising Events | -$198,077 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,884,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,367,751 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $207,000 |
| Compensation of current officers, directors, key employees. | $26,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $55,242 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,360 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,751 |
| Office expenses | $136,351 |
| Information technology | $47,344 |
| Royalties | $0 |
| Occupancy | $15,819 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,595 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,020 |
| Insurance | $10,223 |
| All other expenses | $1,313 |
| Total functional expenses | $3,152,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,619 |
| Savings and temporary cash investments | $2,512,851 |
| Pledges and grants receivable | $589,181 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,582 |
| Net Land, buildings, and equipment | $161,378 |
| Investments—publicly traded securities | $4,827,179 |
| Investments—other securities | $0 |
| Investments—program-related | $25,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,585,790 |
| Accounts payable and accrued expenses | $99,746 |
| Grants payable | $2,833,045 |
| Deferred revenue | $45,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,977,791 |
| Net assets without donor restrictions | $233,374 |
| Net assets with donor restrictions | $5,374,625 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,585,790 |
Grants Recieved
Over the last fiscal year, we have identified 34 grants that George Snow Scholarship Fund Inc has recieved totaling $927,163.
| Awarding Organization | Amount |
|---|---|
Palm Healthcare Foundation Inc West Palm Beach, FL PURPOSE: Nursing Scholarship | $404,444 |
Quantum Foundation Inc West Palm Beach, FL PURPOSE: GENERAL FUNDING | $110,000 |
Cobb Foundation Inc Garden City, NY PURPOSE: GENERAL PURPOSE | $100,000 |
Deaconess Health Associations Fund Inc Cincinnati, OH PURPOSE: Operations | $50,000 |
Listen Learn Care Foundation Inc Highland Beach, FL PURPOSE: TO FURTHER CHARITABLE PURPOSE | $50,000 |
Admirals Cove Foundation Inc Jupiter, FL PURPOSE: DONOR DIRECTED | $30,000 |
Endowment Analysis
| Beg. Balance | $3,239,537 |
| Earnings | $390,367 |
| Admin Expense | $31,612 |
| Net Contributions | $680,679 |
| Other Expense | $136,622 |
| Ending Balance | $4,142,349 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
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 |