Jay Vanderpool Scholarship Fund is located in Galveston, TX. The organization was established in 1989. 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. Jay Vanderpool 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 12/2022, Jay Vanderpool Scholarship Fund generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $9.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COLLEGE SCHOLARSHIPS TO GALVESTON HIGH SCHOOL STUDENTS THROUGH THE GALVESTON YOUTH LEADERSHIP SCHOLARSHIP PROGRAM ADMINISTERED BY ANOTHER NON-PROFIT ORGANIZATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frost Bank Trustee | 1 | $2,082 | |
Dr Harold Y Vanderpool Advisory Committee | 4 | $0 | |
Dr Nathalie Bartle Advisory Committee | 4 | $0 | |
Jon Y Vanderpool Advisory Committee | 4 | $0 | |
Katherine C Provost Advisory Committee | 4 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $7,390 |
Interest on Savings | $111 |
Dividends & Interest | $2,602 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$2,150 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $7,953 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $2,082 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $183 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $3,015 |
Contributions, gifts, grants paid | $6,500 |
Total expenses and disbursements | $9,515 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $13,363 |
Net Accounts receivable | $131 |
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 | $135,277 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $148,771 |
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 |
Over the last fiscal year, Jay Vanderpool Scholarship Fund has awarded $6,500 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
HARVARD COLLEGE PURPOSE: GENERAL SUPPORT OF THE QUINCY HOUSE | $1,000 |
HARVARD COLLEGE PURPOSE: GENERAL SUPPORT OF THE PHILLIPS BROOKS HOUSE | $500 |
NOA FLORA SEIGEL PURPOSE: SCHOLARSHIP | $5,000 |