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Scotch Plains Fanwood Scholarship Fund

Scotch Plains Fanwood Scholarship Fund

Fanwood, NJ 07023
Tax ID22-6105926

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About this organization

Revenue

$565,418

Expenses

$197,110

Mission

The foundation solicits funds and receives unsolicited funds and donations from organizations and individuals who establish honorary/memorial scholarships with specific requirements and need our administrative expertise to give scholarship assistance to deserving high school graduates who are domiciled in Scotch Plains or Fanwood, New Jersey.

About

The foundation publishes a hard copy listing of the individual scholarship awards in November for the forthcoming calendar year, and in addition it is posted on the official website of the public school system of Scotch Plains-Fanwood. Each member of a 14 member community citizens committee review each student application independently and assign an evaluation to the application osing a numerical rating system. The screening committee then meets as a group and provides a listing of the recipients to the trustees for their review and approval. At the annual awards night held in May at the Scotch Plains Fanwood High School the recipients of the Scotch Plains Fanwood Scholarship Foundation along with recipients of awards from other local, regional, and national donors receive their awards. Often the donor or a member of the donor's family is the presenter of the award especially in the case of memorial scholarships.

Interesting data from their 2020 990 filing

The non-profit's aim, as stated in the filing, is “The foundation solicits funds and receives unsolicited funds and donations from organizations and individuals who establish honorary/memorial scholarships with specific requirements and need our administrative expertise to give scholarship assistance to deserving high school graduates who are domiciled in scotch plains or fanwood, new jersey.”.

When referring to its actions, they were outlined as: “The foundation solicits funds and receives unsolicited funds and donations from organizations and individuals who establish honorary/memorial scholarships with specific requirements and need our administrative expertise to give scholarship assistance to deserving high school graduates who are domiciled in scotch plains or fanwood, new jersey.”.

  • The non-profit has complied with legal obligations by reporting their state of operation as NJ.
  • The non-profit's form for 2020 reports a total of 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $100,000 and $250,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $368,308.
  • The CEO compensation package within the organization is not established through a review and approval by a neutral party.
  • The organization has 20 independent voting members.
  • The organization was formed in 1966.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has fundraising events.
  • The organization's financial statements were reviewed by an accountant.

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