Francis S Viele Scholarship Trust
- Assets
- $2.1m
- Revenue
- $302.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- West Sayville, NY
- Founding
- 03/1979
- Data as of
- 05/2022
- EIN
- 95-3285561
Organization Overview
Francis S Viele Scholarship Trust is located in West Sayville, NY. The organization was established in 1979. 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. Francis S Viele 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 05/2022, Francis S Viele Scholarship Trust generated $302.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $120.4k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Francis S Viele Scholarship Trust has awarded 312 individual grants totaling $695,440. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Cole Trustee | 0 | $0 | |
Brendan Mccurdy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $38,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $263,358 |
| Capital Gain Net Income | $263,358 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $409 |
| Other Income | $0 |
| Total Revenue | $302,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,698 |
| Printing and publications | $0 |
| Other expenses | $295 |
| Total operating and administrative expenses | $55,419 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $120,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,817 |
| Savings and temporary cash investments | $707,537 |
| 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 | $2,097,105 |
| 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, Francis S Viele Scholarship Trust has awarded $65,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
HENRY SOPPE PURPOSE: SCHOLARSHIP | $8,000 |
ZUKHRUF TEHREEM PURPOSE: SCHOLARSHIP | $5,000 |
JACOB D HUGHES PURPOSE: SCHOLARSHIP | $5,000 |
MICHAEL YATES PURPOSE: SCHOLARSHIP | $5,000 |
NICHOLAS FISHER PURPOSE: SCHOLARSHIP | $5,000 |
ANDREW ROOT PURPOSE: SCHOLARSHIP | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |