Shapiro Scholarship Foundation
- Assets
- $1.4m
- Revenue
- $72.3k
- Investments
- $1.4m
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 75-3137441
Organization Overview
Shapiro Scholarship Foundation is located in Florham Park, NJ. 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. Shapiro Scholarship Foundation 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, Shapiro Scholarship Foundation generated $72.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $70.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Shapiro Scholarship Foundation has awarded 18 individual grants totaling $180,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $117 |
| Dividends & Interest | $31,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,183 |
| Capital Gain Net Income | $41,183 |
| Net ST Capital Gain | $41,767 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,597 |
| Depreciation | $0 |
| Occupancy | $2,350 |
| Travel, conferences, and meetings | $312 |
| Printing and publications | $0 |
| Other expenses | $1,398 |
| Total operating and administrative expenses | $40,670 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $70,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,208 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,355,996 |
| 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, Shapiro Scholarship Foundation has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HEBREW UNION COLLEGE PURPOSE: SCHOLARSHIP | $10,000 |
YESHIVA UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |
HACKENSACK MERIDIAN SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP | $10,000 |