Thomas Munson Foundation Scholarship Fund Inc
- Assets
- $1.4m
- Revenue
- -$1.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Eden, NY
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 11-3348506
Organization Overview
Thomas Munson Foundation Scholarship Fund Inc is located in Eden, NY. 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. Thomas Munson Foundation 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.
Since 2022, Thomas Munson Foundation Scholarship Fund Inc has awarded 48 individual grants totaling $202,000. 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 Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED SCHOLARSHIPS TO VARIOUS RECEPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Markello President | 10 | $0 | |
Mark Munson Vice Preside | 10 | $0 | |
Rick Markello Treasurer | 10 | $0 | |
Karen E Weaver Secretary | 10 | $0 | |
Jill Hunting Awards Chair | 10 | $0 | |
David A Munson Attorney | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $194 |
| Dividends & Interest | $47,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49,133 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $574 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $508 |
| Other expenses | $563 |
| Total operating and administrative expenses | $45,646 |
| Contributions, gifts, grants paid | $121,000 |
| Total expenses and disbursements | $166,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,315 |
| Savings and temporary cash investments | $0 |
| 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 | $1,355,757 |
| Accounts payable and accrued expenses | $5,500 |
| 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 | $5,500 |
Grants Awarded
Over the last fiscal year, Thomas Munson Foundation Scholarship Fund Inc has awarded $121,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
NINA MUNSON PURPOSE: SCHOLARSHIP | $7,000 |
MADISON FOSTER PURPOSE: SCHOLARSHIP | $5,000 |
BEIJA WALTMUNSON PURPOSE: SCHOLARSHIP | $5,000 |
ALISHA STEVENSON PURPOSE: SCHOLARSHIP | $5,000 |
FRANCIS MUNSON PURPOSE: SCHOLARSHIP | $5,000 |
PAUL B MUNSON IV PURPOSE: SCHOLARSHIP | $5,000 |