Langer Memorial Scholarship Trust
- Assets
- $0.0
- Revenue
- $81.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oradell, NJ
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-3770535
Organization Overview
Langer Memorial Scholarship Trust is located in Oradell, NJ. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Langer Memorial Scholarship Trust 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, Langer Memorial Scholarship Trust generated $81.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (66.3%) each year. All expenses for the organization totaled $43.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Langer Memorial Scholarship Trust has awarded 51 individual grants totaling $204,000. 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
SCHOLARSHIPSHIPS AWARDED
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $81 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,760 |
| Total operating and administrative expenses | $18,961 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $42,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Langer Memorial Scholarship Trust has awarded $24,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EMILY MARSHALL PURPOSE: GRAMMAR SCHOOL TUITION - ST. PETER ACADEMY | $2,000 |
ADAM SARNOSKI PURPOSE: GRAMMAR SCHOOL TUITION - ST. PETER ACADEMY | $2,000 |
JULIE PETRIE PURPOSE: HIGH SCHOOL TUITION - IMMACULATE HEART ACADEMY | $5,000 |
JILL GONZALEZ PURPOSE: HIGH SCHOOL TUITION - IMMACULATE HEART ACADEMY | $5,000 |
NICOLA LUZ PURPOSE: HIGH SCHOOL TUITION - PARAMUS CATHOLIC HIGH SCHOOL | $5,000 |
SOPHIA DURAN PURPOSE: COLLEGE TUITION | $5,000 |