Nestle Scholarship Foundation
- Assets
- $14.1m
- Revenue
- $631.6k
- Investments
- $13.5m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 03/1974
- Data as of
- 12/2021
- EIN
- 95-6118622
Organization Overview
Nestle Scholarship Foundation is located in Arlington, VA. The organization was established in 1974. 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. Nestle Scholarship Foundation 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, Nestle Scholarship Foundation generated $631.6k 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 (11.9%) each year. All expenses for the organization totaled $975.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Nestle Scholarship Foundation has awarded 232 individual grants totaling $695,258. 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 |
|---|---|---|---|
Tony Chukuka Co-Trustee | 0 | $0 | |
Steven Presley Co-Trustee | 0 | $0 | |
Judy Cascapera Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $333,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,838 |
| Capital Gain Net Income | $297,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $631,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,167 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,816 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $123,813 |
| Contributions, gifts, grants paid | $851,400 |
| Total expenses and disbursements | $975,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,086 |
| Savings and temporary cash investments | $692,630 |
| 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 | $14,148,714 |
| 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, Nestle Scholarship Foundation has awarded $695,258 in support to 232 organizations.
| Grant Recipient | Amount |
|---|---|
LAWRENCE SALCIDO JR PURPOSE: COLLEGE SCHOLARSHIP | $3,758 |
JOY BUCKNAM PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
DAVID HUYNH PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
MEGAN BERGER PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
COREY BACKER PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
ALYSSA KAISER PURPOSE: COLLEGE SCHOLARSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |