Toby Merrill Scholarship Fund
- Assets
- $322.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kennett Square, PA
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-3577198
Organization Overview
Toby Merrill Scholarship Fund is located in Kennett Square, PA. The organization was established in 2017. 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. Toby Merrill 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 06/2022, Toby Merrill Scholarship Fund generated $97.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $51.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE 4 SCHOLARSHIPS TOWARDS HIGHER EDUCATION FOR STUDENTS AT $9,700 EACH FOR A TOTAL OF $38,800. STUDENTS WERE MORGAN MONTEITH, GRACE MURRAY, HENRY MINNICK AND JACON ZIRLIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Furey President | 4 | $0 | |
Christopher Convey Secretary | 3 | $0 | |
Michael Allen CFO & Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,026 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,026 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,060 |
| Occupancy, rent, utilities, and maintenance | $4,000 |
| Printing, publications, postage, and shipping | $3,721 |
| Other expenses | $0 |
| Total expenses | $51,581 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $322,466 |
| Other assets | $0 |
| Total assets | $322,466 |
| Total liabilities | $0 |
| Net assets or fund balances | $322,466 |