Nina & Philip Friedman Memorial Scholarship Fund
- Assets
- $806.9k
- Revenue
- $36.9k
- Investments
- $786.4k
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 02/1980
- Data as of
- 08/2023
- EIN
- 23-6677121
Organization Overview
Nina & Philip Friedman Memorial Scholarship Fund is located in Amherst, NY. The organization was established in 1980. 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. Nina & Philip Friedman Memorial 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 08/2023, Nina & Philip Friedman Memorial Scholarship Fund generated $36.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $58.7k during the year ending 08/2023. While expenses have increased by 2.9% per year over the past 4 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 |
|---|---|---|---|
Mt Trust Company Corp. Ttee | 1 | $10,095 | |
Leon I Butler CPA Co-Ttee | 1 | $4,984 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $623 |
| Dividends & Interest | $19,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,684 |
| Capital Gain Net Income | $16,684 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,079 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $507 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,586 |
| Contributions, gifts, grants paid | $43,135 |
| Total expenses and disbursements | $58,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,418 |
| 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 | $786,435 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $806,853 |
| 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, Nina & Philip Friedman Memorial Scholarship Fund has awarded $43,135 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YORK COLLEGE OF PENNSYLVANIA PURPOSE: STUDENT SCHOLARSHIPS | $32,351 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: SUPPORT | $10,784 |