Greenwich Scholarship Association Inc

Organization Overview

Greenwich Scholarship Association Inc is located in Greenwich, CT. The organization was established in 1997. 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. Greenwich Scholarship Association 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 06/2022, Greenwich Scholarship Association Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $514.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE NEED-BASED FINANCIAL ASSISTANCE FROM ITS OWN FUNDS AND VARIOUS SPONSORS TO GRADUATING GREENWICH STUDENTS FOR THE STUDENTS HIGHER EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GREENWICH SCHOLARSHIP ASSOCIATION PROVIDES FINANCIAL ASSISTANCE FROM ITS OWN FUNDS AND VARIOUS SPONSORS TO APPROXIMATELY 100 HIGH SCHOOL SENIORS IN GREENWICH SCHOOLS FOR THE STUDENTS HIGHER EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Gilbert Marlene
VP Strategic Development
$0
Haidinger Terri
Secretary
$0
Holden Catherine
Co-President
$0
Kumar Sumit
Treasurer
$0
Schnur Juliet
Co-President
$0
Bjerke Sareeta
Cp Students
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,363,843
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,363,843
Total Program Service Revenue$0
Investment income $55,812
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,419,655

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Greenwich Scholarship Association Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Velaj Foundation Inc

Stamford, CT

PURPOSE: SCHOLARSHIPS

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,570,660
Earnings-$439,736
Net Contributions$1,363,843
Other Expense$514,868
Ending Balance$2,979,899

Peer Organizations

Organization NameAssets
Alfred P Sloan Foundation
New York, NY
$192,527,982
Massachusetts Higher Education Assistance Corporation
Boston, MA
$124,087,298
Mastercard Impact Fund
Purchase, NY
$96,050,288
Arcus Foundation
New York, NY
$35,703,685
Edward P Evans
Andover, MA
$13,916,833
The Childrens Scholarship Fund
New York, NY
$24,710,520
Math For America Inc
New York, NY
$20,036,646
Ja Worldwide Inc
Boston, MA
$21,801,943
The Posse Foundation Inc
New York, NY
$44,739,225
Inner-City Scholarship Fund Inc
New York, NY
$24,751,034
Joan And Irwin Jacobs Technion-Cornell Innovation Instit
New York, NY
$18,316,542
Tikvah Fund
New York, NY
$6,270,985

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