Albert W & Fay Rossini Memorial Scholarship Fund
- Assets
- $135.1k
- Revenue
- $6.1k
- Investments
- $127.5k
- Employees
- 0
- Location
- Denair, CA
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 77-0514148
Organization Overview
Albert W & Fay Rossini Memorial Scholarship Fund is located in Denair, CA. The organization was established in 2000. 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. Albert W & Fay Rossini Memorial 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 12/2023, Albert W & Fay Rossini Memorial Scholarship Fund generated $6.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO HIGH SCHOOL STUDENTS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $4,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,032 |
| Capital Gain Net Income | $2,032 |
| Net ST Capital Gain | $1,701 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,137 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $435 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,259 |
| Total operating and administrative expenses | $3,729 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $4,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,561 |
| 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 | $33,126 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $135,081 |
| 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, Albert W & Fay Rossini Memorial Scholarship Fund has awarded $2,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPENCER RUTHMAN PURPOSE: SCHOLARSHIP FOR COLLEGE | $1,000 |
JAIDEN GRIVETTE PURPOSE: SCHOLARSHIP FOR COLLEGE | $1,000 |