New Rochelle High School Scholarship Fund Corp
- Assets
- $705.9k
- Revenue
- $39.4k
- Investments
- $658.0k
- Employees
- 0
- Location
- Yorktown Heights, NY
- Founding
- 11/1943
- Data as of
- 12/2022
- EIN
- 13-6161117
Organization Overview
New Rochelle High School Scholarship Fund Corp is located in Yorktown Heights, NY. The organization was established in 1943. 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. New Rochelle High School Scholarship Fund Corp 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, New Rochelle High School Scholarship Fund Corp generated $39.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $89.7k during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 8 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, New Rochelle High School Scholarship Fund Corp has awarded 104 individual grants totaling $178,850. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO NEW ROCHELLE HIGH SCHOOL GRADUATES WHO ARE CONTINUING THEIR EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Rikoon President | 1 | $0 | |
Gustavo Barbosa Director | 1 | $0 | |
Steven Groth Treasurer | 1 | $0 | |
Harry Hagendorf Secretary | 1 | $0 | |
Amy Costa Director | 1 | $0 | |
Michael Tedesco Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,720 |
| Capital Gain Net Income | $6,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $713 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,031 |
| Total operating and administrative expenses | $4,294 |
| Contributions, gifts, grants paid | $85,450 |
| Total expenses and disbursements | $89,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,852 |
| Savings and temporary cash investments | $10,028 |
| 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 | $658,020 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $705,900 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,028 |
| 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 | $10,028 |
Grants Awarded
Over the last fiscal year, New Rochelle High School Scholarship Fund Corp has awarded $85,450 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
DAREAN GUZMAN PURPOSE: SCHOLARSHIP | $5,500 |
ANDRES NUNEZ PURPOSE: SCHOLARSHIP | $5,000 |
FERNANDA SOFIA OCHOA PURPOSE: SCHOLARSHIP | $5,000 |
SARAH GUZMAN PURPOSE: SCHOLARSHIP | $5,000 |
DANELLY URRUTIA PURPOSE: SCHOLARSHIP | $4,500 |
MADISON CLARK PURPOSE: SCHOLARSHIPSCHOLARSHIP | $3,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Rochelle High School Scholarship Fund Corp has recieved totaling $30,900.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: EDUCATION | $30,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |