Royal Acranum Scholarship Fund Inc
- Assets
- $581.8k
- Revenue
- $65.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 20-1236826
Organization Overview
Royal Acranum Scholarship Fund Inc is located in Boston, MA. The organization was established in 2004. 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. Royal Acranum 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.
For the year ending 12/2023, Royal Acranum Scholarship Fund Inc generated $65.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $54.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Royal Acranum Scholarship Fund Inc has awarded 168 individual grants totaling $203,700. 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
COMPETITIVE SCHOLARSHIP - PROVIDE COMPETITIVE SCHOLARSHIPS AND GRANTS TO ROYAL ARCANUM MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antal Basa President | 0 | $0 | |
John Crisanti Treasurer | 1 | $0 | |
Maria Dibartolo Director | 0 | $0 | |
Cynthia Macon Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,023 |
| Interest on Savings | $16,261 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $60 |
| Contributions, gifts, grants paid | $54,614 |
| Total expenses and disbursements | $54,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $581,771 |
| 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 | $581,771 |
| 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, Royal Acranum Scholarship Fund Inc has awarded $54,614 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
MANALAYSAY AZRIEL JOY PURPOSE: EDUCATIONAL | $6,047 |
SOBIESKI ADELE PURPOSE: EDUCATIONAL | $2,500 |
KOPLINKA JUSTIN PURPOSE: EDUCATIONAL | $2,500 |
PANTALEONE NINA PURPOSE: EDUCATIONAL | $2,500 |
TOMASZKOWCZ KAMIL PURPOSE: EDUCATIONAL | $2,500 |
MESSINA MIA PURPOSE: EDUCATIONAL | $2,500 |