George Snow Scholarship Fund Inc

Organization Overview

George Snow Scholarship Fund Inc is located in Boca Raton, FL. 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. As of 12/2021, George Snow Scholarship Fund Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Snow Scholarship Fund 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 12/2021, George Snow Scholarship Fund Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 19.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HELP INDIVIDUALS IN FINANCIAL NEED CONTINUE THEIR EDUCATION THROUGH SCHOLARSHIP PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL GRANTS: IN ADDITION TO SCHOLARSHIP AWARDS, THE FUND PROVIDES ITS SCHOLARS WITH SUPPORT, GUIDANCE AND RESOURCES THROUGHOUT THE STUDENT'S COLLEGE EXPERIENCE. IN 2021, WE HAD OVER 1,100 APPLICATIONS FOR OUR SCHOLARSHIPS AND AWARDED MORE THAN $2.2 MILLION IN SCHOLARSHIPS AND SCHOLAR SUPPORT SERVICES TO 278 SCHOLARS. IN ADDITION TO OUR NEW AWARDEES, WE PROVIDED CONTINUED SUPPORT AND GUIDANCE TO OUR 510 SNOW SCHOLARS CURRENTLY WORKING ON THEIR DEGREES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$583,787
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,302,867
Noncash contributions included in lines 1a–1f $41,682
Total Revenue from Contributions, Gifts, Grants & Similar$3,886,654
Total Program Service Revenue$0
Investment income $83,929
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $112,432
Net Income from Fundraising Events -$198,077
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,884,938

Grants Recieved

Over the last fiscal year, we have identified 34 grants that George Snow Scholarship Fund Inc has recieved totaling $927,163.

Awarding OrganizationAmount
Palm Healthcare Foundation Inc

West Palm Beach, FL

PURPOSE: Nursing Scholarship

$404,444
Quantum Foundation Inc

West Palm Beach, FL

PURPOSE: GENERAL FUNDING

$110,000
Cobb Foundation Inc

Garden City, NY

PURPOSE: GENERAL PURPOSE

$100,000
Deaconess Health Associations Fund Inc

Cincinnati, OH

PURPOSE: Operations

$50,000
Listen Learn Care Foundation Inc

Highland Beach, FL

PURPOSE: TO FURTHER CHARITABLE PURPOSE

$50,000
Admirals Cove Foundation Inc

Jupiter, FL

PURPOSE: DONOR DIRECTED

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,239,537
Earnings$390,367
Admin Expense$31,612
Net Contributions$680,679
Other Expense$136,622
Ending Balance$4,142,349

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