Raymond Pace Alexander Scholarship Foundation Inc
- Assets
- $11.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 84-2998900
Organization Overview
Raymond Pace Alexander Scholarship Foundation Inc is located in Philadelphia, PA. 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. Raymond Pace Alexander Scholarship 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 12/2021, Raymond Pace Alexander Scholarship Foundation Inc generated $846.0 in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $2.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
RAYMOND PACE ALEXANDER SCHOLARSHIP FOUNDATION PROVIDES HIGH ACHIEVING GRADUATING YOUNG BLACK MALES IN THE PHILADELPHIA AREA WITH SCHOLARSHIPS TO HELP THE DEFRAY THE COSTS OF THEIR POST SECONDARY EDUCATION. TWO SCHOLARSHIP GRANTS ARE AWARDED ANNUALLY IN THE AMOUNT OF $1000 EACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Montell Brown President | 2 | $0 | |
Mark Ball Director | 1 | $0 | |
Shane Nelson Director | 1 | $0 | |
Eric Apple Director | 1 | $0 | |
Victor Scotti Director | 1 | $0 | |
Tom Driver Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $846 |
| 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 | $846 |
| 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 | $521 |
| Total expenses | $2,521 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,476 |
| Other assets | $0 |
| Total assets | $11,476 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,476 |