Bernard F Clemens Scholarship Fund
- Assets
- $212.1k
- Revenue
- $4.2k
- Investments
- $205.4k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/2001
- Data as of
- 04/2024
- EIN
- 25-6714352
Organization Overview
Bernard F Clemens Scholarship Fund is located in Pittsburgh, PA. The organization was established in 2001. 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. Bernard F Clemens 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 04/2024, Bernard F Clemens Scholarship Fund generated $4.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $13.3k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,721 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,146 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $656 |
| Total Revenue | $4,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,630 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,679 |
| Contributions, gifts, grants paid | $9,600 |
| Total expenses and disbursements | $13,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,784 |
| 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 | $205,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $212,144 |
| 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, Bernard F Clemens Scholarship Fund has awarded $9,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DREXEL UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,600 |
FLORIDA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,600 |
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,600 |
THOMAS JEFFERSON UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,600 |
UNIVERSITY OF PITTSBURGH PURPOSE: SCHOLARSHIPS | $1,600 |
PENN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,600 |