Bucks County Heroes Scholarship Fund
- Assets
- $1.3m
- Revenue
- $172.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Doylestown, PA
- Founding
- 11/1992
- Data as of
- 09/2022
- EIN
- 23-2656550
Organization Overview
Bucks County Heroes Scholarship Fund is located in Doylestown, PA. The organization was established in 1992. 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. Bucks County Heroes 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 09/2022, Bucks County Heroes Scholarship Fund generated $172.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $5.9k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVISED FOR THE PURPOSE OF PROVIDING FULL FOUR YEAR SCHOLARSHIPS FOR THE POST HIGH SCHOOL EDUCATION TO THE CHILDREN OF POLICE OFFICERS, FIREFIGHTERS, CORRECTIONS OFFICERS, RESCUE SQUAD AND EMERGENCY PERSONNEL WHO ARE KILLED OR PERMANENTLY DISABLED IN THE LINE OF DUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GENERAL POLICY OF THE FUND IS TO GRANT SCHOLARSHIPS OF LAST RESORT. TO THE EXTENT OF MONIES AVAILABLE, THE FUNDS GENERAL POLICY IS TO GRANT FULL SCHOLARSHIP TO EACH QUALIFIED CHILD OF A POLICEMAN, FIREMAN, RESCUE SQUAD, CORRECTIONS OFFICER OR EMERGENCY SERVICE PERSONNEL KILLED IN THE LINE OF DUTY. FULL OR PARTIAL SCHOLARSHIPS MAY, IN THE SOLE AND ABSOLUTE DISCRETION OF THE SCHOLARSHIP AWARD COMMITTEE, BE GRANTED TO EACH QUALIFIED CHILD OF POLICEMEN, FIREMEN, RESCUE SQUAD, CORRECTIONS OFFICER OR EMERGENCY SERVICE PERSONNEL WHO BECOME PERMANENTLY DISABLED IN THE LINE OF DUTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Marseglia Board Member | Trustee | 1 | $0 |
Trish Grove Board Member | Trustee | 1 | $0 |
Danielle Pedrotty Board Member | Trustee | 1 | $0 |
Edward Donnelly Board Member | Trustee | 1 | $0 |
Frank Farry Board Member | Trustee | 1 | $0 |
Perry Blackman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,663 |
| Total Program Service Revenue | $0 |
| Investment income | $4,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,574 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,440 |
| All other expenses | $0 |
| Total functional expenses | $5,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,239,343 |
| Savings and temporary cash investments | $69,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $1,309,403 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,309,403 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,309,403 |