Nac Scholarship Fund Inc
- Assets
- $480.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nantucket, MA
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 04-3518227
Organization Overview
Nac Scholarship Fund Inc is located in Nantucket, MA. The organization was established in 2000. 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. Nac Scholarship Fund Inc 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, Nac Scholarship Fund Inc generated $42.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $31.1k 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
PROVIDE EDUCATION GRANTS TO QUALIFIED INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Young President | 0 | $0 | |
Mary Malavase Treasurer | 0 | $0 | |
Jeremy Slavitz Clerk | 0 | $0 | |
Norm Frazee Vice President | 0 | $0 | |
Homer Ray IV Director | 0 | $0 | |
Kevin Ramos Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,025 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,184 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $37,376 |
| Other Revenue | $0 |
| Total Revenue | $42,585 |
| 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 | $2,475 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $45 |
| Other expenses | $50 |
| Total expenses | $31,070 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $452,208 |
| Other assets | $0 |
| Total assets | $480,460 |
| Total liabilities | $0 |
| Net assets or fund balances | $480,460 |