Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth Nj Inc
- Assets
- $690.5k
- Revenue
- $36.8k
- Investments
- $681.2k
- Employees
- 0
- Location
- Berkeley Heights, NJ
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 22-2783184
Organization Overview
Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth Nj Inc is located in Berkeley Heights, NJ. The organization was established in 1988. 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. Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth NJ 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 12/2022, Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth NJ Inc generated $36.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $51.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth NJ Inc has awarded 71 individual grants totaling $176,000. 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
HIGH SCHOOL SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Harris Vice President | 1 | $0 | |
Tracy Parham Director | 1 | $0 | |
Ceil Mantia Director | 1 | $0 | |
Name Not Listed President | 1 | $0 | |
Jonathan Burt Trasurer | 1 | $0 | |
Jan Lilien Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,734 |
| Capital Gain Net Income | $19,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $549 |
| Total operating and administrative expenses | $6,059 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $51,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,241 |
| Savings and temporary cash investments | $0 |
| 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 | $690,471 |
| 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, Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth Nj Inc has awarded $45,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY PURPOSE: SCHOLARSHIP | $8,000 |
MONTCLAIR STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $6,000 |
UNION COLLEGE PURPOSE: SCHOLARSHIP | $6,000 |
Davidson, NC PURPOSE: SCHOLARSHIP | $2,000 |
New York, NY PURPOSE: SCHOLARSHIP | $2,000 |
STEVENS INSTITUTE OF TECHNOLOGY PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
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 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |