Irene Kandzie Scholarship Fund
- Assets
- $5.3m
- Revenue
- $213.0k
- Investments
- $5.1m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 10/2008
- Data as of
- 11/2023
- EIN
- 75-3239047
Organization Overview
Irene Kandzie Scholarship Fund is located in Pennington, NJ. The organization was established in 2008. 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. Irene Kandzie 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 11/2023, Irene Kandzie Scholarship Fund generated $213.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $327.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Trustee | 2 | $61,059 | |
Mr J Curtis Hyers Co-Trustee | 2 | $10,858 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $145,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,599 |
| Capital Gain Net Income | $64,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,505 |
| Total Revenue | $212,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,917 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $260 |
| Total operating and administrative expenses | $79,085 |
| Contributions, gifts, grants paid | $248,181 |
| Total expenses and disbursements | $327,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312 |
| Savings and temporary cash investments | $161,242 |
| 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 | $225,354 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,259,614 |
| 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 |