Ajj Scholarship Fund Incorporated
- Assets
- $371.3k
- Revenue
- $151.3k
- Investments
- $263.8k
- Employees
- 0
- Location
- East Quogue, NY
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 81-2174726
Organization Overview
Ajj Scholarship Fund Incorporated is located in East Quogue, NY. The organization was established in 2016. 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. Ajj Scholarship Fund Incorporated 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 12/2021, Ajj Scholarship Fund Incorporated generated $151.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $82.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ajj Scholarship Fund Incorporated has awarded 23 individual grants totaling $117,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOLARSHIP FUND WAS CREATED TO KEEP THE MEMORY ALIVE OF ART JONES WHO LOST HIS LIFE IN THE TERRORSIT ATTACKS OF SEPTEMBER 11, 2001.THE FUND IS DEDICATED TO RAISING MONEY SO THE LOCAL YOUTH HAVE A CHANCE TO BE SUCCESSFUL AFTER HIGH SCHOOL. IT IS DESIGNED TO EMPOWER YOUNG MEN AND WOMEN WHO RESEMBLE HIS LIKENESS.
THE SCHOLARSHIP FUND ALSO SUPPORTS LOCAL ACTIVITIES AND DONATES TO LOCAL ORGANIZATIONS THAT WOULD HAVE BEEN IMPORTANT TO ART JONES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Domenico Director | 1 | $0 | |
Ellen Graney Dare Director | 1 | $0 | |
Michael Gilfillan Director | 1 | $0 | |
Kim Stengel Director | 1 | $0 | |
Cherly Babinski Director | 1 | $0 | |
Lars Clemensen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $136,714 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,602 |
| Capital Gain Net Income | $9,602 |
| Net ST Capital Gain | $797 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $133 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,403 |
| Total operating and administrative expenses | $56,686 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $82,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,412 |
| Savings and temporary cash investments | $9,142 |
| 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 | $263,774 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $371,328 |
| 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, Ajj Scholarship Fund Incorporated has awarded $26,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CASSIDY MOORE PURPOSE: SCHOLARSHIP | $7,500 |
EMMA NACLERIO PURPOSE: SCHOLARSHIP | $7,500 |
SHAINA PIERCE PURPOSE: SCHOLARSHIP | $4,000 |
PRISCILLA PUTZOLO PURPOSE: SCHOLARSHIP | $4,000 |
SIERRA GAFFNEY PURPOSE: SCHOLARSHIP | $1,000 |
GIANNA DIPIERDOMENICO PURPOSE: SCHOLARSHIP | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ajj Scholarship Fund Incorporated has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |