Otto & Gertrude K Pollak Scholarship Foundation
- Assets
- $2.1m
- Revenue
- $476.7k
- Investments
- $2.0m
- Employees
- 0
- Location
- Gladwyne, PA
- Founding
- 01/2000
- Data as of
- 03/2024
- EIN
- 25-6624630
Organization Overview
Otto & Gertrude K Pollak Scholarship Foundation is located in Gladwyne, PA. The organization was established in 2000. 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. Otto & Gertrude K Pollak Scholarship Foundation 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 03/2024, Otto & Gertrude K Pollak Scholarship Foundation generated $476.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $482.9k during the year ending 03/2024. While expenses have increased by 7.3% 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.
Since 2021, Otto & Gertrude K Pollak Scholarship Foundation has awarded 16 individual grants totaling $1,210,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,534 |
| Dividends & Interest | $102,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $368,576 |
| Capital Gain Net Income | $368,576 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $476,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $162,917 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $482,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,469 |
| 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 | $2,025,169 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,133,638 |
| 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, Otto & Gertrude K Pollak Scholarship Foundation has awarded $320,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF PENNSYLVANIA SOCIOLOGY DEPT PURPOSE: GRADUATE SUMMER RESEARCH FELLOWSHIPS | $80,000 |
UNIV OF PENNSYLVANIA PURPOSE: SCHOOL OF SOCIAL POLICY & PRACTICE MASTERS SCHOLS | $80,000 |
BRYN MAWR COLLEGE SOCIOLOGY DEPT PURPOSE: SUMMER INTERNSHIPS | $80,000 |
BRYN MAWR COLLEGE PURPOSE: GRADUATE SCHOOL OF SOCIAL WORK SCHOLARSHIPS | $80,000 |