Naaa Warren Young Sr Scholastic Foundation Inc
- Assets
- $2.7m
- Revenue
- $425.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 05-0604611
Organization Overview
Naaa Warren Young Sr Scholastic Foundation Inc is located in Frederick, MD. The organization was established in 2005. 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. Naaa Warren Young Sr Scholastic Foundation 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 12/2023, Naaa Warren Young Sr Scholastic Foundation Inc generated $425.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $309.4k during the year ending 12/2023. While expenses have increased by 14.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Naaa Warren Young Sr Scholastic Foundation Inc has awarded 80 individual grants totaling $394,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AWARD SCHOLARSHIPS FOR POST HIGH SCHOOL EDU TO EMPLOYEES OF NAAA MEMBER AUCTIONS & CORP OFFICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS - AWARDED TWELVE SCHOLARSHIPS TOTALING NET OF $47,547 AS A MEANS TO SUPPORT STUDENTS IN THEIR ACADEMIC ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Hackett Ceo, Until Jan 2023 | 1 | $0 | |
Tricia Heon Ceo, Until Jan 2023 | 1 | $0 | |
Paul Lips Executive Director | 5 | $0 | |
Meghan Ewin Controller | 5 | $0 | |
Julie Picard President | 1 | $0 | |
Mike Browning Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $146,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $178,171 |
| Capital Gain Net Income | $178,171 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $425,071 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,840 |
| Total operating and administrative expenses | $56,374 |
| Contributions, gifts, grants paid | $253,000 |
| Total expenses and disbursements | $309,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,855 |
| Savings and temporary cash investments | $91,274 |
| Net Accounts receivable | $75,000 |
| 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 | $991 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,267,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,081 |
| Total assets | $2,681,255 |
| Accounts payable and accrued expenses | $13 |
| 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 | $13 |
Grants Awarded
Over the last fiscal year, Naaa Warren Young Sr Scholastic Foundation Inc has awarded $253,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BRONTE KALUZA PURPOSE: SCHOLARSHIP | $5,000 |
JADEN TROY YORK PURPOSE: SCHOLARSHIP | $5,000 |
GILLIAN BOYD PURPOSE: SCHOLARSHIP | $5,000 |
JULIANNA ROSE PURPOSE: SCHOLARSHIP | $3,000 |
AUBREY MOYER PURPOSE: SCHOLARSHIP | $5,000 |
BRIANNA CHRISTMAN PURPOSE: SCHOLARSHIP | $5,000 |