Joseph L Demarco Iii Golf Scholarship Memorial Fund
- Assets
- $321.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Audubon, NJ
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 22-2257977
Organization Overview
Joseph L Demarco Iii Golf Scholarship Memorial Fund is located in Audubon, NJ. The organization was established in 2003. 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. Joseph L Demarco Iii Golf Scholarship Memorial 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, Joseph L Demarco Iii Golf Scholarship Memorial Fund generated $31.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $16.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ANNUAL GOLF OUTING TO RAISE FUNDS FOR A COLLEGE SCHOLARSHIP AWARDED EACH YEAR TO A SENIOR AT AUDUBON HIGH SCHOOL IN MEMORY OF ANOTHER AUDUBON STUDENT THAT WAS KILLED IN A CAR ACCIDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Demarco President & | 1 | $0 | |
Philip Sconyo Trustee | 1 | $0 | |
Dianne Demarco Treasurer & | 1 | $0 | |
John Warne Trustee | 1 | $0 | |
Andrew Wallace Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,615 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,659 |
| Gain or Loss | $6,412 |
| Net Income from Gaming & Fundraising | -$483 |
| Other Revenue | $0 |
| Total Revenue | $31,203 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $697 |
| Other expenses | $0 |
| Total expenses | $16,947 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,182 |
| Other assets | $0 |
| Total assets | $321,856 |
| Total liabilities | $0 |
| Net assets or fund balances | $321,856 |