Ruth B Carey Memorial Scholarship Fund
- Assets
- $844.3k
- Revenue
- $33.6k
- Investments
- $798.7k
- Employees
- 0
- Location
- Wall, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 85-6189970
Organization Overview
Ruth B Carey Memorial Scholarship Fund is located in Wall, NJ. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruth B Carey Memorial 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 12/2021, Ruth B Carey Memorial Scholarship Fund generated $33.6k in total revenue. All expenses for the organization totaled $61.9k during the year ending 12/2021. While expenses have increased by 18.0% per year over the past 2 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,601 |
| Capital Gain Net Income | $18,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,603 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $210 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $14,413 |
| Contributions, gifts, grants paid | $47,533 |
| Total expenses and disbursements | $61,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,677 |
| 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 | $798,664 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $844,341 |
| 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, Ruth B Carey Memorial Scholarship Fund has awarded $47,533 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CASSANDRA MCDERMOTT TCNJ PURPOSE: SCHOLARSHIP | $7,000 |
CHRISTOPHER GRILLE CALDWELL UNIVERS PURPOSE: SCHOLARSHIP | $7,000 |
ALEXA BACHONSKI UNIVERSITY OF DELAW PURPOSE: SCHOLARSHIP | $6,000 |
ALLY NIELSEN ECKERD COLLEGE PURPOSE: SCHOLARSHIP | $4,000 |
HOLLY JORGENSEN SAVANNAH COLLEGE PURPOSE: SCHOLARSHIP | $4,000 |
ELIZABETH OLIVER ECKERD COLLEGE PURPOSE: SCHOLARSHIP | $3,000 |
Peer Organizations
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|---|---|---|
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Keren Hashviis Inc Lakewood, NJ | $9,961,423 | $20,140,768 |
North Hills Country Club Inc Manhasset, NY | $8,665,701 | $10,144,490 |
Feinstein Health Fund Inc Hauppauge, NY | $26,525,981 | $4,778,709 |
Jewish Family & Childrens Service Pittsburgh, PA | $22,894,637 | $12,787,096 |
International Brotherhood Of Elect Rical Workers Afl Cio Local Union Reading, PA | $13,723,869 | $11,802,055 |
Waterkeeper Alliance Inc New York, NY | $5,512,348 | $11,721,218 |