Ajj Scholarship Fund Incorporated
- Assets
- $382.1k
- Revenue
- $113.3k
- Investments
- $268.3k
- Employees
- 0
- Location
- East Quogue, NY
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-2174726
Organization Overview
Ajj Scholarship Fund Incorporated is located in East Quogue, NY. The organization was established in 2016. 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. Ajj Scholarship Fund Incorporated 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, Ajj Scholarship Fund Incorporated generated $113.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $54.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ajj Scholarship Fund Incorporated has awarded 28 individual grants totaling $144,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOLARSHIP FUND WAS CREATED TO KEEP THE MEMORY ALIVE OF ART JONES WHO LOST HIS LIFE IN THE TERRORSIT ATTACKS OF SEPTEMBER 11, 2001.THE FUND IS DEDICATED TO RAISING MONEY SO THE LOCAL YOUTH HAVE A CHANCE TO BE SUCCESSFUL AFTER HIGH SCHOOL. IT IS DESIGNED TO EMPOWER YOUNG MEN AND WOMEN WHO RESEMBLE HIS LIKENESS.
THE SCHOLARSHIP FUND ALSO SUPPORTS LOCAL ACTIVITIES AND DONATES TO LOCAL ORGANIZATIONS THAT WOULD HAVE BEEN IMPORTANT TO ART JONES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Jones President | 1 | $0 | |
Thomas Crowley Treasurer | 1 | $0 | |
Lars Clemensen Secretary | 1 | $0 | |
Ellen Graney Dare Director | 1 | $0 | |
Phil Domenico Director | 1 | $0 | |
Carol Francolini Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,383 |
| Interest on Savings | $13 |
| Dividends & Interest | $6,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,466 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,467 |
| Total operating and administrative expenses | $27,652 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $54,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,787 |
| Savings and temporary cash investments | $7,096 |
| 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 | $268,259 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $382,142 |
| 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, Ajj Scholarship Fund Incorporated has awarded $27,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KRISTINA GEORGES PURPOSE: SCHOLARSHIP | $5,000 |
SAMANTHA COULTON PURPOSE: SCHOLARSHIP | $12,500 |
STEPHEN SUTTON PURPOSE: SCHOLARSHIP | $7,500 |
KATELYN STABILE PURPOSE: SCHOLARSHIP | $1,000 |
GABRIELLE AVALONE PURPOSE: SCHOLARSHIP | $1,000 |