Alton And Mildred Cross Scholarship Fund
- Assets
- $1.6m
- Revenue
- $122.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Erie, PA
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 25-1709602
Organization Overview
Alton And Mildred Cross Scholarship Fund is located in Erie, PA. The organization was established in 1993. 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. Alton And Mildred Cross 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 12/2021, Alton And Mildred Cross Scholarship Fund generated $122.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $95.5k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES CONSIST OF THE GRANTING OF SCHOLARSHIP TO HIGH SCHOOL STUDENTS PURSUANT TO PROCEDURES PRE-APPROVED BY THE IRS UNDER IRC SECTION 4945(G)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadine Cross Merry Trustee | 2 | $0 | |
Michael Cross Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,496 |
| Capital Gain Net Income | $70,496 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,804 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,940 |
| Contributions, gifts, grants paid | $78,600 |
| Total expenses and disbursements | $95,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,507 |
| 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 | $202,378 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,606,525 |
| 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, Alton And Mildred Cross Scholarship Fund has awarded $67,700 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
RINDFUSS MALEENA PURPOSE: SCHOLARSHIPEDUCATION | $4,500 |
LAVERY BRANDON PURPOSE: SCHOLARSHIPEDUCATION | $4,000 |
LERCH BRIANNA PURPOSE: SCHOLARSHIPEDUCATION | $1,700 |
KALTENBAUGH HANNAH PURPOSE: SCHOLARSHIPEDUCATION | $1,700 |
HOLDEN GARRETT PURPOSE: SCHOLARSHIPEDUCATION | $1,700 |
CASS LARISSA PURPOSE: SCHOLARSHIPEDUCATION | $1,700 |
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 |