Nambale Scholars Foundation Inc
- Assets
- $115.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 03/2017
- Data as of
- 12/2020
- EIN
- 81-3987999
Organization Overview
Nambale Scholars Foundation Inc is located in Norwalk, CT. The organization was established in 2017. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nambale Scholars Foundation 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 12/2020, Nambale Scholars Foundation Inc generated $22.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $20.2k during the year ending 12/2020. While expenses have increased by 4.6% per year over the past 5 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO SUPPORT THE NAMBALE MAGNET SCHOOL SCHOLARSHIP LEARNERS WHO WILL REQUIRE FINANCIAL ASSISTANCE IN ORDER TO FURTHER THEIR EDUCATION, INCLUDING VOCATIONAL SCHOOL, HIGH SCHOOL AND UNIVERSITY TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Drake Co-President | 1 | $0 | |
Christopher Calby Director | 1 | $0 | |
Brandi Drake Director | 1 | $0 | |
Chris Alliegro Director | 1 | $0 | |
Karen Calby Co-President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,584 |
| 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 | $22,584 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $194 |
| Total expenses | $20,194 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,062 |
| Other assets | $0 |
| Total assets | $115,062 |
| Total liabilities | $0 |
| Net assets or fund balances | $115,062 |
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