Croatian Scholarship Fund
- Assets
- $5.3m
- Revenue
- $613.6k
- Investments
- $0.0
- Employees
- 0
- Location
- San Ramon, CA
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 68-0231056
Organization Overview
Croatian Scholarship Fund is located in San Ramon, CA. The organization was established in 1994. According to its NTEE Classification (O40) the organization is classified as: Scouting, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Croatian 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 12/2023, Croatian Scholarship Fund generated $613.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE CROATIAN SCHOLARSHIP FUND IS TO DEVELOP LEADERS FOR CROATIA'S FUTURE BY PROVIDING FINANCIAL ASSISTANCE TO HIGHLY QUALIFIED STUDENTS OF CROATIAN ORIGIN, LIVING IN CROATIA OR BOSNIA AND HERZEGOVINA, SO THAT THEY MAY (CONTINUED ON TOP OF FORM 990 PAGE 2)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND INTERNSHIPS WERE GIVEN TO 119 STUDENTS OF CROATIAN DESCENT IN CROATIA AND BOSNIA AND HERCEGOVINA. THE EXECUTIVE BOARD ESTABLISHED FINANCIAL NEED CRITERIA AND RIGID ACADEMIC STANDARDS FOR ADMISSION INTO THE PROGRAM IN AN EFFORT TO SELECT THE MOST PROMISING STUDENTS WHO WOULD SOMEDAY BECOME QUALIFIED LEADERS TO HELP CROATIA ESTABLISH AND MAINTAIN A FREE DEMOCRACY AND A SOUND ENTERPRISE SYSTEM. THIS WOULD ENABLE CROATIA TO BECOME MORE COMPETITIVE IN THE WORLD GLOBAL ECONOMY.STUDENTS ACCEPTED INTO THE PROGRAM RECEIVE $2,500 PER YEAR FOR A DURATION OF THREE YEARS OF UNDERGRADUATE AND TWO YEARS GRADUATE STUDY. NO RECIPIENT MAY BE AWARDED MORE THAN FIVE ONE-YEAR SCHOLARSHIPS. STUDENTS ARE NOTIFIED OF ACCEPTANCE INTO THE PROGRAM BY JULY 1 OF EACH YEAR. PAYMENTS ARE MADE ONCE A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Jagiello President | OfficerTrustee | 20 | $0 |
Bill Cumbelich Vice President | OfficerTrustee | 2 | $0 |
Vera Duplancic Treasurer | OfficerTrustee | 15 | $0 |
Serge Barbir Secretary | OfficerTrustee | 4 | $0 |
Nina Jurjevic Member At Large | Trustee | 2 | $0 |
Chip Kumparak Member At Large | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,999 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,442 |
| Total Program Service Revenue | $0 |
| Investment income | $118,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,516 |
| Net Income from Fundraising Events | -$1,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,208 |
| Grants and other assistance to Foreign Orgs/Individuals | $368,838 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,745,161 |
| Fees for services: Accounting | $6,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,788 |
| Advertising and promotion | $710 |
| Office expenses | $3,319 |
| Information technology | $358 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,077 |
| All other expenses | $0 |
| Total functional expenses | $2,168,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,028 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,098,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $950 |
| Total assets | $5,272,107 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,094,002 |
| Net assets with donor restrictions | $2,178,105 |
| 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 | $5,272,107 |