Meyer Scholarship Foundation Inc
- Assets
- $3.1m
- Revenue
- $203.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-2963332
Organization Overview
Meyer Scholarship Foundation Inc is located in Pittsburgh, PA. The organization was established in 2007. 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. Meyer Scholarship Foundation 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 12/2021, Meyer Scholarship Foundation Inc generated $203.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $222.4k during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Foglia Trustee | 2 | $30,080 | |
Teri Michaels Trustee | 2 | $2,357 | |
Linda M Disk Trustee | 2 | $413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $174,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,924 |
| Capital Gain Net Income | $28,924 |
| Net ST Capital Gain | $28,924 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $203,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,850 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106 |
| Total operating and administrative expenses | $68,289 |
| Contributions, gifts, grants paid | $154,080 |
| Total expenses and disbursements | $222,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,132 |
| Savings and temporary cash investments | $2,806 |
| 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 | $3,062,591 |
| 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, Meyer Scholarship Foundation Inc has awarded $154,080 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Villanova, PA PURPOSE: EDUCATIONAL GRANT | $49,110 |
BRANDEIS UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $43,930 |
WASHINGTON JEFFERSON UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $36,787 |
Marietta, OH PURPOSE: EDUCATIONAL GRANT | $13,467 |
Pittsburgh, PA PURPOSE: EDUCATIONAL GRANT | $10,786 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |