Nathan L Anderson Memorial Scholarship Foundation Inc
- Assets
- $34.6k
- Revenue
- $53.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Beltsville, MD
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 27-2339244
Organization Overview
Nathan L Anderson Memorial Scholarship Foundation Inc is located in Beltsville, MD. The organization was established in 2010. 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. Nathan L Anderson Memorial Scholarship Foundation 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, Nathan L Anderson Memorial Scholarship Foundation Inc generated $53.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $66.9k during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 5 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 2020, Nathan L Anderson Memorial Scholarship Foundation Inc has awarded 111 individual grants totaling $213,763. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO SCHOLARSHIP ASSISTANCE AFTER A FUNDED STUDENT GRADUATES A BOARD MEMBER IS ASSIGNED TO THE STUDENT TO GUIDE AND ASSIST THE STUDENT WITH CREATING A PROFESSIONAL DEVELOPMENT PLAN. ADDITIONAL CAREER-DEVELOPMENT ACTIVITIES SEMINARS PROFESSIONAL CERTIFICATIONS MEMBERSHIPS IN PROFESSIONAL ORGANIZATIONS ETC. CAN BE FUNDED AS DEEMED APPROPRIATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Gerald L Anderson Dba Foundation Board Chairperson | 5 | $0 | |
Dr Ruby O Anderson Dnp RN Foundation Board Vice Chair | 1 | $0 | |
Colline Silvera JD General Counsel And Board Member | 0.25 | $0 | |
Mrs Carmen R Anderson Board Member | 0.25 | $0 | |
Ms Nicole A Anderson Board Member | 0.5 | $0 | |
Ms Nichelle G Anderson Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,635 |
| Interest on Savings | $27 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$60 |
| Other Income | $0 |
| Total Revenue | $53,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $35 |
| Other expenses | $2,106 |
| Total operating and administrative expenses | $2,141 |
| Contributions, gifts, grants paid | $64,750 |
| Total expenses and disbursements | $66,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,000 |
| Savings and temporary cash investments | $32,562 |
| 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 | $34,562 |
| 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, Nathan L Anderson Memorial Scholarship Foundation Inc has awarded $64,750 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
SH'DAI FORESTER PURPOSE: SCHOLARSHIP ASSISTANCE | $3,000 |
KRISTOPHER FRANCIS PURPOSE: SCHOLARSHIP ASSISTANCE | $1,750 |
DONNELL PHILLIPS PURPOSE: SCHOLARSHIP ASSISTANCE | $3,000 |
JADON BROOKS PURPOSE: SCHOLARSHIP ASSISTANCE | $1,250 |
JAMES ALBERTY PURPOSE: SCHOLARSHIP ASSISTANCE. | $1,750 |
SAVANNAH ANDERSON PURPOSE: SCHOLARSHIP ASSISTANCE | $3,000 |