Victor A Bacile Scholarship Fund
- Assets
- $197.2k
- Revenue
- $42.5k
- Investments
- $181.7k
- Employees
- 0
- Location
- Poughkeepsie, NY
- Founding
- 01/1991
- Data as of
- 12/2022
- EIN
- 14-1730868
Organization Overview
Victor A Bacile Scholarship Fund is located in Poughkeepsie, NY. The organization was established in 1991. 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. Victor A Bacile Scholarship Fund 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, Victor A Bacile Scholarship Fund generated $42.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $29.4k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 7 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 2016, Victor A Bacile Scholarship Fund has awarded 40 individual grants totaling $120,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS TO QUALIFIED INDIVIDUALS FOR HIGHER EDUCATION STUDY. THERE WERE 3 SCHOLARSHIPS PAID DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Dilullo Treasurer | 1 | $0 | |
Vincent Corona Secretary | 1 | $0 | |
Scott Marxer Trustee | 0.5 | $0 | |
Raymond Pantaleo Trustee | 0.5 | $0 | |
John Sabia President/trustee | 1 | $0 | |
Amy Bombardieri Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $512 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,859 |
| Capital Gain Net Income | $1,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,269 |
| Total Revenue | $42,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,221 |
| Total operating and administrative expenses | $20,426 |
| Contributions, gifts, grants paid | $9,000 |
| Total expenses and disbursements | $29,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,435 |
| 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 | $197,169 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Victor A Bacile Scholarship Fund has awarded $21,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GAETANO CERVONE PURPOSE: SCHOLARSHIP | $3,000 |
GIULIA MAZZARELLI PURPOSE: SCHOLARSHIP | $3,000 |
MICHAELA FASOLINO PURPOSE: SCHOLARSHIP | $3,000 |
THOMAS CHIAVELLI PURPOSE: SCHOLARSHIP | $3,000 |
SALVATORE CRESCENZO PURPOSE: SCHOLARSHIP | $3,000 |
CELINA SCIUTO PURPOSE: SCHOLARSHIP | $3,000 |