Edison Scholarship & Memorial Fund
- Assets
- $113.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1947
- Data as of
- 12/2022
- EIN
- 41-6023937
Organization Overview
Edison Scholarship & Memorial Fund is located in Minneapolis, MN. The organization was established in 1947. 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. Edison Scholarship & Memorial 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 12/2022, Edison Scholarship & Memorial Fund generated $11.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $12.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE EDISON SCHOLARSHIP AND MEMORIAL FUND PAID OUT $12059.99 IN SCHOLARSHIPS TO 8 DIFFERENT UNIVERSITIES/COLLEGES/POST-SECONDARY INSTITUTIONS FOR THE BENEFIT OF 11 DIFFERENT STUDENTS WHO WERE GRADUATES OF EDISON HIGH SCHOOL. PRESIDENTIAL AWARD PINS ($225.85) WERE ALSO AWARDED TO ALL HONORS GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Iacarella President | 2 | $0 | |
Claire Hypolite Treasurer | 3 | $0 | |
Tara Stassen-Ferguson Secretary | 1 | $0 | |
Nora Guerin Director | 1 | $0 | |
Theodore Stassen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,750 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $104 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,854 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $226 |
| Total expenses | $12,283 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,882 |
| Other assets | $0 |
| Total assets | $113,882 |
| Total liabilities | $0 |
| Net assets or fund balances | $113,882 |