Dune Scholarship Fund A Nj Non-Profit Corporation
- Assets
- $3.3m
- Revenue
- $902.5k
- Investments
- $437.7k
- Employees
- 0
- Location
- North Brunswick, NJ
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2044883
Organization Overview
Dune Scholarship Fund A Nj Non-Profit Corporation is located in North Brunswick, NJ. The organization was established in 2019. 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. Dune Scholarship Fund A NJ Non-Profit Corporation 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, Dune Scholarship Fund A NJ Non-Profit Corporation generated $902.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $176.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dune Scholarship Fund A NJ Non-Profit Corporation has awarded 30 individual grants totaling $274,679. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED DECEMBER 31, 2021, THE FOUNDATION ALLOCATED $176,679 TO 16 COLLEGES AND 2 K-12 SCHOOLS AND AWARDED 14 RECIPIENTS SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Bahash Trustee | 1 | $0 | |
Carol E Bahash Secretary | 2 | $0 | |
Timothy J Bahash Trustee | 1 | $0 | |
Kelly A Bahash Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $900,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,453 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $902,453 |
| 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 | $150 |
| Total operating and administrative expenses | $150 |
| Contributions, gifts, grants paid | $176,679 |
| Total expenses and disbursements | $176,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,819,808 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,257,533 |
| 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, Dune Scholarship Fund A Nj Non-Profit Corporation has awarded $176,679 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY PURPOSE: THIS SCHOLARSHIP IS AWARDED TOA STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. | $50,700 |
ST MATHIAS SCHOOL PURPOSE: THIS SCHOLARSHIP IS AWARDED TOSTUDENTS VIA TUITION ANGELS PROGRAMTO PURSUE EDUCATION. | $14,500 |
RIDER UNIVERSITY PURPOSE: THIS SCHOLARSHIP IS AWARDED TOA STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. | $13,500 |
RAMAPO COLLEGE OF NJ PURPOSE: THIS SCHOLARSHIP IS AWARDED TOA STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. | $12,400 |
DIOCESE OF METUCHEN PURPOSE: TO PROVIDE PARTIAL SCHOLARSHIPSTO FAMILIES TO ATTEND A CATHOLIC ELEMENTARY OR HIGH SCHOOL. | $12,000 |
West Long Branch, NJ PURPOSE: THIS SCHOLARSHIP IS AWARDED TOSTUDENTS VIA THE UNIVERSITYTO PURSUE HIGHER EDUCATION. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |