Raymond W Masten And Edith W Masten Scholarship Fund
- Assets
- $36.5k
- Revenue
- $6.8k
- Investments
- $31.0k
- Employees
- 0
- Location
- Milford, DE
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 51-6504612
Organization Overview
Raymond W Masten And Edith W Masten Scholarship Fund is located in Milford, DE. The organization was established in 1996. 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. Raymond W Masten And Edith W Masten 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 12/2021, Raymond W Masten And Edith W Masten Scholarship Fund generated $6.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $9.0k during the year ending 12/2021. While expenses have increased by 2.5% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,622 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,177 |
| Capital Gain Net Income | $2,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $121 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,521 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $9,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,535 |
| Savings and temporary cash investments | $0 |
| 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 | $36,527 |
| 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, Raymond W Masten And Edith W Masten Scholarship Fund has awarded $7,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TREY LODGE PURPOSE: SCHOLARSHIP | $2,500 |
SAMAY SHAH PURPOSE: SCHOLARSHIP | $2,500 |
AMY TINGLE PURPOSE: CONTRIBUTION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Enoch Trust Pennington, NJ | $132,750,633 | $20,236,013 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Shemiras Sedorim Inc Lakewood, NJ | $633,948 | $4,898,239 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Wound Ostomy Continence Nurses Society Mount Laurel, NJ | $6,254,306 | $4,112,387 |
Digital Harbor Foundation Inc Baltimore, MD | $6,702,247 | $6,011,466 |