Albert Abby T Fallquist Memorial Scholarship Fund
- Assets
- $313.5k
- Revenue
- $15.9k
- Investments
- $309.6k
- Employees
- 0
- Location
- Johnstown, PA
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 25-1893905
Organization Overview
Albert Abby T Fallquist Memorial Scholarship Fund is located in Johnstown, PA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert Abby T Fallquist 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 12/2023, Albert Abby T Fallquist Memorial Scholarship Fund generated $15.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $19.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Albert Abby T Fallquist Memorial Scholarship Fund has awarded 112 individual grants totaling $131,256. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,827 |
| Dividends & Interest | $10,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,192 |
| Capital Gain Net Income | $3,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,140 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $339 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,879 |
| Contributions, gifts, grants paid | $15,726 |
| Total expenses and disbursements | $19,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,911 |
| 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 | $127,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $313,484 |
| 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 Abby T Fallquist Memorial Scholarship Fund has awarded $15,726 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
POINT PARK UNIVERSITY PURPOSE: PROVIDE TUITION SUPPORT FOR MCKEESPORT HS GRADUATES | $3,932 |
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY PURPOSE: PROVIDE TUITION SUPPORT FOR MCKEESPORT HS GRADUATES | $3,931 |
PENN WEST UNIVERSITY PURPOSE: PROVIDE TUITION SUPPORT FOR MCKEESPORT HS GRADUATES | $3,931 |
ROBERT MORRIS UNIVERSITY PURPOSE: PROVIDE TUITION SUPPORT FOR MCKEESPORT HS GRADUATES | $3,932 |