Jeffrey A Clay Scholarship Fund is located in Vineland, NJ. The organization was established in 2016. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jeffrey A Clay 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, Jeffrey A Clay Scholarship Fund generated $826.0 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 (25.1%) each year. All expenses for the organization totaled $641.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CORPORATION RECOGNIZES THE EXTREME HARDSHIP FOR STUDENTS OF THE CITY OF VINELAND, COUNTY OF CUMBERLAND, STATE OF NJ, IN MATTERS OF HIGHER EDUCATION. THE CORPORATION AWARDS SCHOLARSHIPS TO A COLLEGE BOUND SENIOR GRADUATE TO SUPPORT AND ENCOURAGE STUDENT ATHLETES SINCE THEY ARE VITAL TO A STRONG COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Clay Sr Vice Preside | 0 | $0 | |
Ronald Franceschini Trustee | 0 | $0 | |
Marshell Gressman Trustee | 0 | $0 | |
Dr Darren Lugiano Trustee | 0 | $0 | |
Tara Clay Trustee | 0 | $0 | |
Dr Frank D'orio Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $32 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $794 |
Other Revenue | $0 |
Total Revenue | $826 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $540 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $33 |
Other expenses | $68 |
Total expenses | $641 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $64,840 |
Other assets | $0 |
Total assets | $64,840 |
Total liabilities | $0 |
Net assets or fund balances | $64,840 |
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