Patricia Bachman Memorial Scholarship Fund
- Assets
- $56.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palmyra, PA
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-7029003
Organization Overview
Patricia Bachman Memorial Scholarship Fund is located in Palmyra, PA. 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. Patricia Bachman Memorial 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, Patricia Bachman Memorial Scholarship Fund generated $6.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $4.0k during the year ending 12/2022. 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
PAT'S CUBS RETURNED TO THE CLASSROOMS IN 2022 WITH 85 ELEMENTARY STUDENTS ATTENDING. THIS IS ROUGHLY HALF THE NUMBER OF STUDENTS WHO ATTENDED THE VIRTUAL OPTION PROVIDED LAST YEAR. THERE WAS NO CUB PROGRAM OFFERED IN 2020 (COVID YEAR) AND IN 2019 55 STUDENTS PARTICIPATED. PROGRAM NEED CONTINUES TO GROW AS EVIDENCED BY OVERALL GROWTH. 25% OF STUDENTS ATTENDING WERE FROM IMPOVERISHED HOMES (FREE AND REDUCED LUNCH). FUNDING PROVIDED BY PAT'S CUBS FUND WAS VITAL TO ENABLING LARGER NUMBERS OF STUDENTS TO PARTICIPATE. PROGRESS TESTING WAS NOT COMPLETED IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oren Bachman Trustee | 2 | $0 | |
Deb Lang Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,724 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,934 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,658 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5 |
| Total expenses | $4,005 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,841 |
| Other assets | $0 |
| Total assets | $56,841 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,841 |
Peer Organizations
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|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
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The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |