Hallandale Scholarship Fund Inc
- Assets
- $1.7m
- Revenue
- $126.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Hallandale, FL
- Founding
- 03/1975
- Data as of
- 12/2023
- EIN
- 23-7087801
Organization Overview
Hallandale Scholarship Fund Inc is located in Hallandale, FL. The organization was established in 1975. 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. Hallandale Scholarship Fund 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 12/2023, Hallandale Scholarship Fund Inc generated $126.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $158.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS TO 40+ HIGH SCHOOL STUDENTS ANNUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian Mccann-Colliee Vice Preside | 0.25 | $0 | |
Anthony Adelson President | 0.25 | $0 | |
Alejandro Casacarano Secretary | 0.25 | $0 | |
Jeffrey Greaver Treasurer | 0.25 | $0 | |
Leonard Oshinsky Director | 0.25 | $0 | |
Edwin Sylvain Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $634 |
| Dividends & Interest | $40,608 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,088 |
| Capital Gain Net Income | $25,088 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $126,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $892 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,260 |
| Total operating and administrative expenses | $30,702 |
| Contributions, gifts, grants paid | $127,350 |
| Total expenses and disbursements | $158,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,695 |
| Savings and temporary cash investments | $9,222 |
| 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 | $1,722,832 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $63,750 |
| 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 | $63,750 |
Grants Awarded
Over the last fiscal year, Hallandale Scholarship Fund Inc has awarded $123,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HIGHSCHOOL STUDENT 2022 RECIPIENTS PURPOSE: COLLEGE SCHOLARSHIPS | $60,300 |
HIGHSCHOOL STUDENT 2023 RECIPIENTS PURPOSE: COLLEGE SCHOLARSHIPS | $63,600 |