Stanford C Reed Scholarships Inc
- Assets
- $2.0m
- Revenue
- $63.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Catonsville, MD
- Founding
- 08/1994
- Data as of
- 06/2024
- EIN
- 52-1862839
Organization Overview
Stanford C Reed Scholarships Inc is located in Catonsville, MD. The organization was established in 1994. 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. Stanford C Reed Scholarships 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 06/2024, Stanford C Reed Scholarships Inc generated $63.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $285.2k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stanford C Reed Scholarships Inc has awarded 36 individual grants totaling $1,354,575. 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
AFTER SCHOOL PROGRAM TO PROVIDE ENRICHMENT AND EDUCATIONAL OPPORTUNITIES TO STUDENTS OF BALTIMORE CITY COLLEGE HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Harry T Mccrory President/treasurer | 7 | $0 | |
Mr Donald L Mettee Vice President | 0.5 | $0 | |
Mr Michael Tkacik Director | 0.5 | $0 | |
Mr Robert J Krastel Director | 0.5 | $0 | |
Mr Arthur Johnson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $64,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$267 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,055 |
| Total operating and administrative expenses | $5,540 |
| Contributions, gifts, grants paid | $279,615 |
| Total expenses and disbursements | $285,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,353 |
| Savings and temporary cash investments | $451,042 |
| 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 | $75,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $205 |
| Total assets | $2,048,251 |
| 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, Stanford C Reed Scholarships Inc has awarded $279,615 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UMBC PURPOSE: FUNDS FOR SCHOLARSHIPS | $275,835 |
MORGAN STATE UNIVERSITY PURPOSE: TUITION, BOOKS AND SUPPLIES | $1,500 |
SISTERS ACADEMY OF BALTIMORE PURPOSE: SCIENCE DEPARTMENT SUPPORT | $1,000 |
BALTIMORE CITY COLLEGE PURPOSE: SCHOOL TRIP FOR UMBC SCHOLARSHIP CANDIDATES | $1,280 |